explain demerit of globalization
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Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment. ... Globalization can ruin the environment. Moving things from one area to another wastes oil, etc. 2. Globalization can ruin local economies.
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Exploitation of Underdeveloped Countries: ...
Increase in Unemployment: ...
Widening of Rich-poor Gap: ...
Harmful Effects of Consumerism: ...
Adverse Effects on Social Security and Social Welfare: ...
Harmful Effects on Small Industries and Small Business: ...
Cultural Homogenization: ...
Hostile to Humanism:
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