Globalisation negatives

Globalisation negatives

1. Global marketing

   • Over-standardisation of goods led to increased cultural similarity - homogenity
   • Damages individual taditions
     • Reduced diversity
   • More informality
   • Access to foreign goods is causing the desire for culturally distinct goods to fade

2. Flows of capital

   • Leakages = loss of income from an economic system

3. Trade

   • Developed Countries - allows cheap imports in through SDT agreements
   • Countries with less market access have less money for education & health care so quality of life is lower
   • Trade blocs of developed countries have access to wealthier buyers
     • LDCs outside the trade bloc may have to pay higher tariffs
     • LDCs dependent on selling low-value primary products that fluctuate in price - low GNI
   • Access is affected by wealth - HDC often put on higher on goods imported from LDCs
     • Harder for LDCs to access markets

4. Flows of labour

   • People move less easily around the world
   • Labour markets are not as free flowing
   • Restrictions on immigration
   • Remittance dilemma in Somalia 2012

5. TNCs