what will happen in future if globalization still continues
Answers
Answer:
The world will be destroyed. No humans will be alive.
Answer:
Future of Globalization: Integration and Interconnectedness
The future of globalization looks bright. With the increasing innovation, development, and transferability of technology, the global economy will witness more integration and interconnectedness. Enhancing this is the inherent high mobility of the current and upcoming generation. While national governments will continue to be relevant, national policies and decisions will be greatly influenced by external factors related to the impacts of globalization. Developing and emerging markets will be mostly affected due to their development needs and consequent demand for technology and development skills to address their development and growth challenges.
How will this affect the economy in your country?
Just as no country in the world will be immune or excluded from impacts of globalization, so it will be with Nigeria. Moreover, the features of Nigeria—a big, oil-producing country with the second-largest economy and highest population in Africa—further implies that the economy is highly linked to the forces of globalization. In terms of benefits, Nigeria is gaining and will continue to gain from technology transfers, increasing remittances from Nigerians in diaspora, demand for good governance enhanced by technology, trade, and possibly industrialization.
Expectedly, globalization will have some negative impacts. Of major concern is the likely contribution to unemployment and limited industrialization. As Nigeria is an import-dependent economy and a signatory to free trade, achieving rapid industrialization and job creation might be difficult due to cheap imports from countries like China.