Advantages and Disadvantages of Globalization

Summary Response Analysis – Globalization
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Summary Response Analysis – Globalization
In the essay, the author focuses on discussing the disadvantages of globalization as businesses harness the opportunity to access new markets. He starts by defining globalization, highlighting how it has enabled the integration of people, businesses, and governmental agencies across the world. Globalization is present in almost every sector, including the social, economic, ethnic, cultural, and political aspects of life. As the author notes, the issue affects people's lives, including their health, socioeconomic status, and political developments.
The author discusses the negative impacts of globalization in the world. Unlike what many people believe, the article affirms that globalization has many negative impacts compared to the advantages. The author notes that globalization has led to increased emission of harmful gases and substances to the environment. This is caused by the enhanced demand for goods and services and the proliferation of industries. While many people and industry leaders ignore this aspect, the author believes that it is the leading cause of global warming.
Another negative highlighted in the essay is the immense effects on employment. Due to globalization, there is an unfair distribution of labor. Countries with stiff regulations related to pollution attract fewer investors as more businesses are created in regions with reasonable taxes and regulations. This creates an unfair distribution of employment opportunities, as many people are retained in nations with fair regulations regarding pollution and employment. Globalization has also led to tax increment for businesses as well as citizens. With stiff competition from foreign investors, local people find...