Question

globalization is the process of the world becoming more connected. Like any process that involves economic choices, it has positive and negative consequences. china is one of the worlds fastest growing economies.

Answer 1

Answer:

Globalization has both positive and negative impacts to societies.

- Positive

Globalization created a possibility for people to sell their goods and products to foreign market. This enhance their opportunity to obtain profit and will contribute to an increase in a country's average wealth.

Not only that, globalization also make the flow of information become much faster. People in developing country, can easily accumulate knowledge from people in industrialized country and adopted that new knowledge into the economy.

This is what happen to China. They Learn how to create various type of products from foreign nations and created their own version of the product. Leading to their growing economies.

- Negative

The increase of production means that there will also be an increase in Production waste. This resulted in destruction of the environment.  In recent years, most countries in the world experience a sharp increase in air pollution. China is regarded as one of the country who has the worst experience about this.

Globalization also increase the income disparity between the poor and the rich.Those who are successful in winning the economic competition reap most of the benefit. Those who are not only obtain a small fraction of it.