Question

effects of globalization in points

Answer 1

Answer:

● The economic growth of both developing and developed countries is impacted positively and negatively.

● Globalization has resulted in the formation of multinational corporations.

● Globalization enables economies to compete fairly at all levels, hence attracting investors.

● Globalization has resulted in numerous positive effects on culture.

● Pollution has increased, leading to climate change.

Positive effects :

■ Global market.

■ Culture.

■ Competition.

■ Legal effects.

■ Stable security.

Negative effects :

■ Environmental damage.

■ Fluctuation in prices.

■ Job insecurity.

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