challenges of globalization

disadvantages of globalization.
created by Ali Raza Lahore Leads University Msc IR

1. Globalization: A Simple Globalization Definition: Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

2. The Cons of Globalization: Potential for IP theft When products are built overseas in factories on behalf of a company based in another country, there is potential that intellectual property and designs could be copied and stolen and replicated and sold for cheaper elsewhere. Corruption: Different standards apply in different countries, and many nations in the developing world are rife with corruption like: money loundring.

3. working class: The general complaint about globalization is that it has made the rich richer while making the non-rich poorer. “It is wonderful for managers, owners and investors, but hell on workers and nature.

4. MNCs Multinational corporations are accused of social injustice, unfair working conditions (including slave labor wages, living and working conditions), as well as lack of concern for environment, mismanagement of natural resources, and ecological\ envirnomental damage.

5. Import and export: Globalisation usually results greater increase in export than increase in import. China, USA, Brazil. • Building products overseas in countries like China puts our technologies at risk of being copied or stolen, which is in fact happening rapidly.

6. Diseases: Some experts think that globalization is also leading to the incursion of communicable diseases. Deadly diseases like HIV/AIDS and COVID-19 are being spread by travelers to the remotest corners of the globe.

7. Globalization would negatively impact the environment. We’ve already seen what free trade does to the environment. Greenhouse gas emissions rose in 2018 despite efforts to curtail them. Micro-plastics invaded our oceans, creating negative impacts on marine life. The waters of our planet are slowly acidifying, creating economic and health impacts every day

8. Globalization and Family:

9. Use economy as weapon:

10. Islamophobia: Terrorism, Hate Crimes and Western Politics: Islamophobia in the Context of Globalization and the Media

11. Conclusion: The advantages and disadvantages of globalization show us that a world free to move and communicate offers numerous opportunities to pursue. It also shows us a planet where fewer opportunities may exist for workers and families who are employed in low-skill positions. We have many challenges to face in the coming years as the world continues to become a smaller place. That’s why we must continually look at these issues to ensure everyone has a fair chance to find success.