Explain any two positive and two negative effects of globalisation. (2024)

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Explain any two positive and two negative effects of globalisation.? ›

Positive effects of globalization include increased international trade and investment flow. Negative effects include economic inequality and loss of local cultural identity.

Effects of Globalisation - Key takeaways

Globalisation has been positive by improving the quality of life in many countries. On the other hand, there have been negative impacts of globalisation, such as increased global inequality, increased corruption, loss of jobs and environmental degradation, to name a few.

But globalization also poses some daunting challenges like environmental degradation, legal compliance issues, and worker exploitation.

To summarize, the globalization of media, language, and news has positive aspects such as cultural exchange, information sharing, and educational opportunities. However, it also has negative aspects including cultural hom*ogenization, inaccurate information, and economic inequality.

One of the negative impacts is the erosion of cultural diversity. As cultures from different regions of the world are spread, there is a risk of marginalizing or forgetting local traditions, languages, and values. Another negative impact is the spread of Western culture, which challenges traditional beliefs and values.

Thus, globalization can be defined as the stretching of economic, political, and social relationships in space and time. A manufacturer assembling a product for a distant market, a country submitting to international law, and a language adopting a foreign loanword are all examples of globalization.

Potential disadvantages of globalization for world economies include possible monopolization, structural unemployment, inter-dependence and tax avoidance. 5. Potential disadvantages of globalization for individual businesses include compliance, control and inadequate market knowledge. 6.

Globalization increases medical access for people and countries that may not have access or may not be able to afford care. It also increases the world's knowledge and allows for collaboration between nations. The main disadvantage of health globalization is the rapid spread of diseases.

The globalization effect indicates that financial integration helps in a nation's production base and leads to an increase in the specialization of production. Globalization can give companies a competitive position and lower operating costs. World Population Review.

What are the two 2 opposing views of globalization? ›

Globalization is an extremely contentious issue, with two core debates revolving around it: firstly, between those who suggest it is a real phenomenon, the 'globalizers', and those who believe it is very much exaggerated, the 'sceptics'; secondly, between those who are opposed to the effects of globalization, the 'anti ...

Greater access to developed country markets and technology transfer has promised to improve their productivity and higher standards. At the same time, Globalization has also created challenges like growing inequality across and within nations, instability in the financial market and environmental deterioration.

In general, globalization decreases the cost of manufacturing. This means that companies can offer goods at a lower price to consumers. The average cost of goods is a key aspect that contributes to increases in the standard of living. Consumers also have access to a wider variety of goods.

These forms of mass communication have had many positive impacts: They've helped spread messages of democracy and human rights. They've spread health-improvement ideas via messages such as anti-smoking campaigns. They've brought renewed interest to issues such as clearing landmines.

In addition to the risk of cultural imperialism and the loss of local culture, other problems come with the benefits of a more interconnected globe. One risk is the potential for censoring by national governments that let in only the information and media they feel serve their message, as is occurring in China.

Noteworthy, environmental pollution, social and moral degradation, political manipulation, and exploitation of the poor population by the wealthy nations are some of the most evident impacts of globalization in the modern world.

Some positive effects of globalization on the environment include the creation of environmental awareness, institutional reforms, and capacity building. Globalization, particularly social and cultural globalization, has enabled developed countries to significantly decrease their carbon emissions.