Globalization Positive and Negative Impacts
Negative: Exploitation of Workers^
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Many companies move their factories to countries with cheap labor. Workers in these countries often get low wages and work in unsafe conditions. For example sweatshops in Bangladesh produce cheap clothes for fast fashion brands, but workers are underpaid and work long hours.
Negative: Environmental Damage
More factories, transportation, and farming cause pollution, deforestation, and climate change. This harms nature and animals. For example the Amazon rainforest is being cut down to make space for farming and businesses, which destroys animal habitats.
Negative: Loss of Local Businesses
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Big international companies take over markets, making it hard for small businesses to survive. People prefer global brands over local shops. For example Starbucks has expanded worldwide, making it difficult for small coffee shops to compete.
Negative: Cultural Loss^
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As global brands and cultures spread, local traditions, languages, and customs may disappear. For example fast food chains like McDonald's and KFC are replacing traditional foods in many countries.
Positive:Economic Growth & Trade^
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Globalization helps countries sell their goods and services to other countries. This increases business opportunities, creates jobs, and helps economies grow. For example Many companies like Apple, make their products in different countries and sell them worldwide, making huge profits.
Positive: Access to Technology & Innovation^
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When countries share technology, it enables people to have better healthcare, education, and communication. It makes life easier and industries too. For example smartphones and the internet enable people to connect with each other instantly, making communication faster and easier.
Positive: Cultural Exchange
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People can learn about different cultures, traditions and languages through media travel and food. This helps promote understanding and diversity. For example K-pop and Hollywood movies are enjoyed by people all over the world, spreading diverse cultures globally.
Positive: Better Healthcare & Medicine
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Medical knowledge, medicines, and treatments are shared between countries, improving global healthcare and saving lives. For example during the COVID-19, vaccines were developed and distributed worldwide quickly, helping control the virus.