Question

What are the 5 impacts of globalization?.

Answer 1

Effects of globalization are: Rising greenhouse gas emissions, ocean acidification, deforestation, climate change, and the introduction of invasive species.

How globalization affects the world?

• The most visible effects of globalization certainly affect the world of business. Globalization has brought about a sharp increase in trade and economic exchange, but it has also led to an increase in financial exchange.
• Globalization brings positive benefits such as increased national income, access to global capital, creation of new business opportunities, increased credit and investment, technology transfer, development of energy and telecommunications infrastructure, improved quality of work and working conditions.

What impact will globalization have on society?

Globalization is associated with rapid and profound human change. Accelerating rural-to-urban migration and urban growth, especially in developing countries, means a below-average life for many. Family breakdown and social and domestic violence are on the rise.

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