Question

What is the defects of globalization?

Answer 1

Some disadvantages of globalization include exploitation of developing countries, cultural homogenization, and adverse effects on local economies and the environment

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because i am in need of it..

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Answer 2

Globalization is a process of integration and interaction between the individuals, organizations and governments around the world

Some of the defects include -

• With fewer restrictions in place at national level, some companies can take advantage of offshoring.
• Globalization also causes a threat to the local industries such as the small scale or cottage industries.
• It can increase the gap between the rich and poor.
• It creates a system of new politics, that can influence the laws and can be favourable for one entity.
• It can negatively impact the environment as there is an invasion in water bodies by micro plastics and other wastes.