While the process of globalization can be positive in many ways, it also has its drawbacks. Describe two potential problems that can take place when globalization unites the world.

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Social Studies

Chic

30 October, 12:50

While the process of globalization can be positive in many ways, it also has its drawbacks. Describe two potential problems that can take place when globalization unites the world.

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Deangelo Gibbs · Answer 1

While the process of globalization can be positive in many ways, it also has its drawbacks.

These include: extreme benefits for the rich and drawbacks for the poor, the removal of jobs from developed nations (economically stable) into developing nations (less economically stable), large companies escaping taxes by moving to developing countries, threats to workers in developed countries of pay cuts, stolen technology, inhumane/unfair/unethical working conditions, and/or using prisoners or children for labor.