Negative effects of globalisation
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i) neglect of agriculture sector
ii) economic colonialism
iii) spread of consumerism
iv) cultural erosion
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Answer:
1) Globalization uses up finite resources very quickly.
2) Globalization acts to increase world oil prices.
3) Globalization makes it impossible for regulators in one country to foresee the worldwide implications of their actions.
4) Globalization transfer jobs from developed countries to less developed countries.
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