Question

What is one major drawback of globalization?​

Answer 1

With globalization, there is a high degree of imitation, intense competition, swings in profits and prices and destruction of businesses and products.

What is globalization?​

Globalization, or globalization, is the process of interaction and integration among people, companies, and governments worldwide. Globalization  has accelerated since the 18th century due to advances in transportation and communication technology. The increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs, and culture.

Answer 2

Answer:

Increased globalization has been linked to various environmental challenges, many of which are serious, including: Deforestation and loss of biodiversity caused by economic specialization and infrastructure development. Greenhouse gas emissions and other forms of pollution caused by increased transportation of goods.

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