Question

What are major problem faced by globlisation tosmall worker

Answer 1

Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss  real-world problems. In particular, they miss the point that the world is finite. We don’t have infinite resources, or unlimited ability to handle excess pollution. So we are setting up a “solution” that is at best temporary.

Economists also tend to look at results too narrowly–from the point of view of a business that can expand, or a worker who has plenty of money, even though these users are not typical. In real life, the business are facing increased competition, and the worker may be laid off because of greater competition.

The following is a list of reasons why globalization is not living up to what was promised,  and is, in fact, a very major problem.

1. Globalization uses up finite resources more quickly. 

2.Globalization increases world carbon dioxide emissions. 

3.Globalization makes it virtually impossible for regulators in one country to foresee the worldwide implications of their actions.

4. Globalization acts to increase world oil prices.

5. Globalization transfers consumption of limited oil supply from developed countries to developing countries.