Question

What are some positive consequences of globalization? What are some negative consequences of globalization?

Answer 1

Answer:

Explanation:

POSITIVE- Inward investment by TNCs helps countries by providing new jobs and skills for local people.

TNCs bring wealth and foreign currency to local economies when they buy local resources, products and services. The extra money created by this investment can be spent on education, health and infrastructure.

The sharing of ideas, experiences and lifestyles of people and cultures. People can experience foods and other products not previously available in their countries.

NEGATIVE- They may pollute the environment, run risks with safety or impose poor working conditions and low wages on local workers. Globalisation is viewed by many as a threat to the world's cultural diversity.