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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.
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.
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.
Poor workers in developing countries may not share in economic gains (apex)
Increased economic activity has had a negative effect on the environment-Apex
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Where is globalization now?
Globalization is currently at a point where advancements in technology and transportation have made it easier for countries to connect and trade on a global scale. However, there is also increasing discussion and debate around issues such as income inequality, environmental impact, and national sovereignty as a result of globalization.
What is A consequence of globalization is political boundaries?
Globalization results in the loss of cultural uniqueness of individual cultures in lieu of the formation of a blended culture that is a result of the various component cultures. Globalization takes focus off of the individual culture and places it on the collective culture.
How has globalization affected the study of geography?
the effect of globalization on information technology could be thatthe more people in the world the more knowledge there is to be shared with computers. as the human race develops there is alway a chance of someone being born who will know more.
How has globalization affected Kenya?
Globalization has brought both opportunities and challenges to Kenya. On one hand, it has opened up new markets for Kenyan goods and services, leading to increased trade and investment. However, it has also exposed the country to economic fluctuations and competition, impacting local industries and employment. Additionally, globalization has influenced cultural exchange and technological advancements in Kenya.
Outcomes to unrestrained to globalization?
ndi ko nga alam e..
What is a disadvantage of the globalization of culture for some developing countries?
Local traditions decline are lost.
What are the disadvantages of global trade?
because it makes people lose their jobs :(
What globalization a disadvantage for developed nations?
outsourcing replaces workers in developed nations with workers in developing nations
What are some globalization questions?
what is globalization? what are advantages and disadvantages of globalization? what is free trade
Threads of globalization?
treads of globalization
Who created globalization?
tncs created globalization
Is Hollywood an example of globalization or Americanization?
Globalization
What is hyper-globalization?
The optimistic or pessimistic opinion on the effects of globalization.
What are prospects and challenges of globalization in Tanzania?
challenge of globalization
Is the opposite of globalization is traditionalism?
True
Is globalization driven by trade?
Depending on the category of globalization, yes and no. For the economic definition of globalization, yes it is based on trade. However, for the historical context of globalization, it is based on culture.
What influence does globalization have on national identity?
* ---- how does Globalization influence your identity
