Globalization
Negative impact
Economic inequality:some sectors or regions may experience rapid growth, others may face job losses, wage stagnation, or slower development, which can impact the overall distribution of GDP growth.
This chart is showing the different gdps of each country, as we can see there is a clear differennce betweem the usa, china with other countries
Environmental harm:Globalization can significantly contribute to environmental harm in several ways. As global trade increases, so does the demand for raw materials and goods, leading to more extraction of natural resources like oil, minerals, and timber, which can cause deforestation, habitat destruction, and loss of biodiversity. The rise in transportation, such as shipping and air travel, contributes to higher carbon emissions, which accelerate climate change and air pollution.
The present ocurence of climate change all over the world, thereby causing different terrible occurrence such as weathers changing, wildfire, landslides, etc.
Monopoly: Globalization can contribute to the formation of monopolies in several ways. As companies expand globally, they may achieve economies of scale, making it difficult for smaller enterprises to survive. Larger corporations, with greater resources such as actual resources, technology etc. , can dominate markets by offering lower prices, improved products, or better access to distribution channels, which forces smaller firms out of business or limits their ability to compete.
The 2024 united state legal action against google
positive impact
Industrialisation-Globalization significantly impacts industrialization by opening up global markets, enabling industries to expand and reach larger consumer bases. It facilitates the exchange of technology, helping developing countries adopt advanced production methods
The effects of globalization, creating companies, industries round the world.
economic growth:Globalization has a significant impact on economic growth, primarily by promoting trade, investment, and technological advancements. It opens up access to larger global markets, which allows countries to export more goods and services, increasing their revenues and boosting their economies. This higher demand for exports can lead to higher production levels and greater efficiency in industries, contributing to an increase in Gross Domestic Product (GDP).
Subtopic
Greater market: Globalization allows greater accessibility to markets by breaking down trade barriers, reducing tariffs, and fostering international trade agreements. This creates a more connected global economy where businesses can reach consumers in different countries. Companies can expand their customer base beyond national borders, opening up new markets for their products and services.
