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The Negative Impact Of Globalization On Our Environment

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Globalization refers to the process of interaction and integration among people, organizations and governments of different countries, a process driven by human innovation and technological progress, making international trade and investment easier and faster to complete. Ōmae (1990, 1995) suggests that globalization is all positive impacts. While many claim that globalization will expand economic opulence (Bryan and Farrell, 1996; Thurow, 1999); others argue that lives and standard of living will improve, especially in the form of health care and technological access (Wildavsky, 1995); and a few others conclude that it will encourage cultural exchange (Friedman, 2000). Although there have been concerns regarding the damage globalization have on our environment, several analysts counter that our environment will benefit as new technology eliminates pollution produced by current technologies in the industrial era (Brown, 2001; Flavin and Lenssen, 1994) In spite of the …show more content…

Over the years, manufactured products dominated world trade. In 2000, manufactured goods accounted for over seventy-five percent of world exports. International trade has prospered in the course of years due to the various advantages different countries from all around the world benefit from. With the help of improved production techniques, modern transportation systems, transnational corporations, outsourcing of manufacturing and employees, and rapid industrialization, the international trade system is expanding and spreading very fast (EconomyWatch.com, 2010). The benefits of international trade are one of the key factors contributing to the economic growth of the 20th century. International trade has allowed many nations to thrive, those with strong international trade affects the world economy significantly with their actions. Through international

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