Disadvantages Of Globalization

Over the last century, efforts have been made to bring various countries together. All these efforts have been applied in enabling human beings on the earth’s surface to come together in all aspects of life. These aspects of human life include social, political and economical aspects. Integration effort has been seen to bear fruits. In the current years, the world has been visualized as being a global village, where the interactions of the people in the world, has been of equivalent to the interaction in one village or locality. Almost all parts of the world are interconnected to the rest of the world in different ways. Barriers, which initially isolated countries, have been removed. In the recent times, higher levels of integration have been achieved. Initially, countries only integrated economically. This is now outdated. Other areas of human life have also been put in the circle of integration. This is commonly referred to as globalization (Ghauri 22).

Globalization is the process by which countries, economies, and regions have been integrated in a global network. Countries’ economies, cultures, and societies have been placed in the global networks of communication, trade, transportation, and immigration. In the past, globalization primarily used focus on the part of the world involving economy. Only factors of the economy were considered as an important part of the globalization. Foreign investment and international flow of capital and trade were held high in the