Question

Mention any three negative impact of globalization.

Answer 1

1. Globalization has caused environmental damage. Increased production means increased utilization of natural resources. Besides, increased trade results in increased transport, which was fossil fuels. As a result, pollution has increased, leading to climate change.
2. Globalization has led to increased market competition, hence leading to the fluctuation in prices.
3. Due to globalization, most global economy jobs are insecure and temporary.