What is globalization? Please list its advantages and disadvantages.

Globalization, in an economic sense, is the existence of transnational corporations in which capitalism serves as a global connection for corporations to profit off resource extraction in one country, labor in another, and sales in others. Globalization results in even greater wealth disparities between the rich and the poor and between the global north and the global south. Globalization has resulted in trade pacts, such as the North American Free Trade Agreement, that have horribly negatively affected farmers and laborers in Mexico; subsidized corn from the United States flooded Mexico, and immensely low wage factories were set up along the border for the benefit of the wealthy.
Globalization has also resulted in fighting back against resource extraction and horrific labor exploitation, as the powerful transnational corporations are often much harder to defeat than local governments or companies. Globalization may be beneficial in terms of global solidarity against exploitation and can have positive effects in terms of cultural exchange, but for the most part, globalization has vastly expanded wealth disparities.