discuss the nagitive effect of globalization please answer me in 40 lines
Answers
Answer:
Globalization also have its side effects to the developed nations. These include some factors which are jobs insecurity, fluctuation in prices, terrorism, fluctuation in currency, capital flows and so on.
In developed countries people have jobs insecurity. People are losing their jobs. Developed nations have outsourced manufacturing and white collar jobs. That means less jobs for their people. This is because the manufacturing work is outsourced to countries where the costs of manufacturing goods and wages are lower than in their countries. They have outsourced to developing countries like China and India. Most people like accountants, programmers, editors and scientists have lost jobs due to outsourcing to cheaper locations like India.
Answer:
NEGATIVE IMPACTS OF GLOBALIZATION
1.. Causes Environmental Damage
2. Causes Fluctuation of Prices
3. Job Insecurity
Globalization provides a double-edged sword when it comes to jobs. It creates jobs for people in developing countries who provide cheaper manufacturing jobs. For example, many companies are setting up in India and China because wages and manufacturing jobs are cheaper there which means fewer opportunities in developed worlds.
In short, globalization takes jobs from one country and provides them to another. This can be negative or positive depending on what part of the world you are in.