DRUG

Negative impacts of Globalization:-

•  Globalization increases the activities such as child labour and slavery.
•  It has resulted in fiercely competitive global market.
•  It helps terrorists and criminal.
•  Fast food chains like Mc Donald's and KFC are spreading fast which in the result, the degradation of the health and spread of diseases increases.
•  Rich are getting richer and the poor are struggling for a square meal.
• Lower wages that are given to labours. In order to compete in the world market, exporters try and cut labour costs and workers are denied their fair share of benefits as manufacturers are always on the look out for cheaper labour.

Negative effects of globalization for developing 

country business

• the growth of international trade is exacerbating income inequalities, both between and
  
  
  within industrialized and less industrialized nations
• global commerce is increasingly dominated by transnational corporations which seek to maximize profits without regard for the development needs of individual countries or the local populations
• protectionist policies in industrialized countries prevent many producers in the Third World from accessing export markets;
• the volume and volatility of capital flows increases the risks of banking and currency crises, especially in countries with weak financial institutions
• competition among developing countries to attract foreign investment leads to a “race to the bottom” in which countries dangerously lower environmental standards
• cultural uniqueness is lost in favor of homogenization and a “universal culture” that draws heavily from American culture

What is globalization and how does it affect us?

Globalization is the process of the worlds systems becoming increasingly interlinked. Advancements in technology has resulted in improved transport and communication systems which has increased flows of people, capital and goods between countries globally. This has resulted in a 'shrinking world', a concept which suggests that the world is becoming smaller due to the increased speed of global connections. For example, today more and more people can communicate easily with others on the other side of the world due to the development of the internet and mobile phones.

As for how globalization affects us, it probably affects us in more ways than you
may think. If it wasn't for globalization and the increasing number of connections between places many of the consumer goods that we own, such as an iPhone, would be much less accessible and certainly much more expensive. It also affects us positively both economically and culturally. Today, nearly all jobs in the secondary and tertiary sectors of employment are linked to the process of globalization with many businesses having international links. Also, globalization has increased international migration which has resulted in multicultural societies.

However, globalization is also affecting us in a negative way. Increased transportation and the global shift of polluting manufacturing industries has resulted in environmental degradation. Pollution is affecting people's health and having a negative impact on biodiversity levels globally. Also, increased transport connections has resulted in carbon dioxide, methane and other greenhouse gas emissions into the atmosphere. These emissions are contributing to climate change which will have an increasing impact on our daily lives in the future due to the increased frequency and intensity of hydrological and meteorological events such as droughts, flooding and tropical storms.

-By Monika