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Each year a higher percentage of the world’s population lives in urban areas. The UN projects that 50 percent of humanity will be living in urban areas for the first time ever by the end of this decade. By 2030, this figure is expected to reach 60 percent. This trend is due both to rural-to-urban migration as well as natural increase (the number of births minus deaths) in urban areas. Urbanization can be seen both in the proliferation of towns and cities, which is the main pattern in China, as well as the expansion of existing urban areas. In 1975, only five cities had more than 10 million inhabitants; by 2015, there will be 24.
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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
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