Main features of globalization

Main features of globalization

1. Destruction of the ecosystem

   • Pollution
   • Deforestation
   • Climate change
   • Increased consumption of goods and raw materials

2. Loss of culture and languages

   • One sided cultural exchanges

3. interdependence of nations

   • Multinational financial systems
   • Economic problems of one country affects other countries

4. Job creation in developing countries

5. Rise of trade globally

   • Freer movement of goods, services, ideas and people

6. Global markets for standardized product

7. Exploitation of low paid workers

8. Corporation from more developed countries gaining advantage over industries in countries

9. Tax evasion

10. Corruption

11. Coordinated efforts between countriesagainst terrorism, climate change, political issues, etc.

    • Peace and security
    • Global development
    • Increased focus on human rights worldwide

12. Quicker manufacturing and distribution of goods

13. Job loss due to technology