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Explanation:
13 Negative Effects of Globalization (With Examples)
Updated on: February 10, 2020 Leave a Comment
With respect to developing countries, globalization policy has both positive and negative aspects. Globalization leads to contraction or shortening of the world market.
negative effects of globalization
negative effects of globalization
Page Contents
Negative Effects of Globalization
1. Cut-throat Competition
2. Removal of Protection
3. Hindrance in Establishment of Small and Cottage Industries
4. Limited Field of Domestic Institution
5. Expensive Imports
6. Takeover of Business
7. Arousal of Monopoly
8. Ownership of Institutions
9. Expensive Domestic Goods
10. Effect of Priorities of Plans
11. Unemployment
12. Increase in Inequalities
13. Effect on National Sovereignty
