Negative Effects Of Globalization

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Globalization is a positive force for the world. Globalization also has a huge positive impact on the world’s economy. Allowing business to disrupt their products all around the world with ease. Globalization also allows people to experience different world cultures. Having Globalization supports free and better trade all over the globe. However, Globalization can have a negative effect on the world. Employment can decline in a globalized world, It can hurt nations economy, and If country’s cant function together it can create global strife. Globalization is a positive force for the world because it promotes free trade. In a globalized world, free trade is one of the main factors that contribute to globalization. Free trade promotes other …show more content…

Tariffs hurt developing countries because it puts a high tax on too their products. If we were to get rid of tariffs and allow free trade then a devolving nation’s economy can improve. “The World Bank estimates global free trade in all goods would add £144 billion to world income each year, half of that going to poor countries.” (glob 2) 144 billion pounds is 200 billion USD. Allowing the removal of tariffs and having free trade would drastically help the world’s economy and allow for the growth of poor countries. Poor Countries also need to stop putting Tariffs on each other. “A whopping 70 percent of the world's trade barriers are imposed by governments in poor countries on people in other poor countries.”(glob 2) Poor countries need to stop putting tariffs on each other’s goods and allow free trade. If they would allow free trade, it would improve their own economies. Lowering and/or getting rid of tariffs would offset price increases and will increase …show more content…

On one hand, it promotes free trade, without limits that could really help other nations. Because of allowing free trade, we need to get rid of tariffs. Globalization can be negative because it can raise the unemployed rate in a nation. It could make the rich, richer and the poor poorer. Not all religions can function with each other. Having a globalized world means that we have to mix with other religions. Globalization has its up and downs, However the essence of free trade the most import thing for the world. Therefore globalization is a positive

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