globalization

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Negative

Uses up finite resources

Globalization leads to quick use of finite resources such as fossil fuels. Excessive use of fossil fuels increases the release of carbon dioxide around the world. For example, when China joined the World Trade Organization, their use of coal increased. This also made carbon dioxide emissions increase.

Increases world oil prices

An increase in consumption has lead to a decrease in supply of oil around the world. This has lead to an increase in world oil prices.

Fail to deliver human rights and labor rights

Globalization has caused several countries to look for countries with the lowest wages and environmental protection. These countries do not even include basic rights such as sick leaves. For example, India, Bangladesh, Cambodia, Africa etc.

Positive

mixing of cultures can lead to pluralization

There are a number of negative impacts globalization has had on cultural diversity, including the influence multinational corporations have on promoting a consumer culture, exploitation of workers and markets and influencing societal values. ... This promotes a homogeneous set of values and beliefs.

this image is showing that a vendor is sitting next to a coca cola vending machine. He is waiting for customers in a market and is using the vending machines as a marketing tool since he knows customers will come for drinks so that will give his product awareness as well. All because coca-cola is a globalized company.

global education interconnects methods of teaching from worldwide systems to encourage the international development

more efficient global markets

Globalization leads to increased competition. This competition can be related to product and service cost and price, target market, technological adaptation, quick response, quick production by companies etc. When a company produces with less cost and sells cheaper, it is able to increase its market share.

this is a picture of the financial market of a company fluctuating due to its increase in competition

increased jobs in less developed countries

The big banks encourage third world countries to go through market reforms that change the structure with large loans. Many developing nations began to take steps to open their markets by removing tariffs and freeing up their economies. The developed countries were able to invest in the developing nations, creating job opportunities for the poor people.

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