Disadvantage of globalization

Answer 1

Countries and businesses must reduce wages paid to workers in order to attract foreign investment.

Answer 2

One disadvantage of globalization is the widening wealth gap between wealthy and developing countries. This can lead to exploitation of cheap labor, environmental degradation, and loss of cultural diversity.

Answer 3

Depending on your point of view, one of the biggest disadvantages of globalization is that the rich get richer and the poor remain poor. If you're an investor, you'll love globalization. If you're a worker, you're not really going to benefit in any meaningful way.

Answer 4

Multinational corporations are legally bound to put profit for their shareholders above all else, including the environment and the welfare of human beings.I would recommend that you see the film "The corporation". In it, some disturbing parallels are drawn between the behaviour of corporate entities and the behaviour of psycopathic individuals.In court, a corparation has the same , if not more rights than an individual.They have a policy called "Externalization" , which ensures that the true costs of their activities are passed on to others.

Answer 5

It only benefits a handful of the world's countries.

Answer 6

Poor workers in developing countries may not share in economic gains (apex)

Answer 7

Increased economic activity has had a negative effect on the environment-Apex

Answer 8

It is the exact opposite of "The Positive Effect of the Power of Community".