what is not a benefit of globalization?( The Earth is not ours)
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Globalization disadvantages
Costs of globalisation
Free trade can harm developing economies. Developing countries often struggle to compete with developed countries, therefore it is argued free trade benefits developed countries more. ...
Environmental costs. ...
Labour drain. ...
Less cultural diversity. ...
Tax competition and tax avoidance.
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Without globalization, the would be a closed system. A closed system meaning we would not know what was going on in other countries. This also means no sharing of inventions and discoveries. ... Overall, there would not be any categorization of rich and poor countries.
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