One negative is that if another country decides to make bad economical decision, this will effect the whole world as we live in a global economy. Companies like Honeywell are starting to send jobs over to other countries that have lower wages. This causes the people in the US and other countries to lose their jobs. By doing this, however, more management jobs are open within the company itself.
Another con would have to be that if you do not have a higher education, you can't look at getting that management position that you want.
There are a lot of negatives to this but some of the pros to this is that it increases the economy in some other areas as we are not losing as much money as we would if we were to pay for our countries to create the products that we use today. It also encourages SOME people to go out and get that higher education in order to get that job that they so badly want.