Question

Write the challenges of Globalization.

Answer 1

1. Globalization means the integration of the home economy with the world Economy
2. There is a general belief that the benefits of globalization extend to all countries. But that will not happen automatically.
3. There is a constant fear the globalization leads to instability in the developing world.
4. Due to globalization, the industrial world has increased global competition.
5. This leads to race in low levels, labor rights, and employment practices among the industrial world.
6. It may lead to global imbalance.
7. It may result in activities like child labor, slavery.
8. It may also affect health as consumers are tempted to use more attractive junk foods.
9. It may affect the environment. Because more of use and throw products and packed items may affect nature and our survival.