Globalization & Interdependence

Access new market

Using second hands clothes are being popular with the new market. Some resellers that import the clothing with the different brand from all over the world to sell with the affordable prices. Also that's can trade to develop countries.

The spread of technology and innovation

E-transfer is allowed people can access the money and send the money in domestic and around the world at a faster pace than ever.

Access to new cultures

People can experience foods and other products not previously available in their countries. Also they can increase the economic benefits from give rise to new industries and more jobs in developing countries.

Diffusion of Covid 19

Globalization has made trade and personnel exchanges between countries more frequent. Covid 19 spread worldwide as a result of the concentrated population flow to large city, cross boundary movement of people and goods.

The environment will be damaged

The development of globalization will bring challenges to the global environment, such as the development of infrastructure, the transportation of goods, potential invasive species and so on. These factors will bring environmental problems.

Increases potential global recessions

When the economic systems of many countries are interdependent, the possibility of global recession will increase sharply.(a chain reaction)