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What Are The Positive And Negative Impacts Of Globalization

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The development of a global economy has been building since people decided to start trading good and services for the things they needed to survive yet could not produce themselves. As resources were exhausted in their current environment, they were required to either move or develop a trade relationship with the neighboring community. People living in ancient times did not have access to the entire world as we do today. Because of current technologies, people now have access to places, products, languages, and cultures that was never possible before the advent of the internet. This wide reaching phenomenon has developed into what is now known as globalization. Globalization refers to the free movement of capital, technology, services, …show more content…

However, while the controversy about the positive impact of globalization exists on one hand, there is also the theory of negative impact of globalization on the other hand, which to many overrides the positive impact (Akpor-Robaro, 2012). One negative effect to consider is the environmental impact and utilization of natural resources. Countries that do not have oil, for example, will buy or trade from a country that does resulting in the increased demand of this finite resource. Another negative result of globalization is the transfer of jobs to other countries. Many American produces are now produced overseas in countries like China or Vietnam. Businesses feel the need to remain competitive on their pricing. To compensate they move operations to countries with cheap labor causing an increase in unemployment in the United States. Globalization also encourages a countries dependence on other countries to meet the needs of their citizens rather than developing new technologies and sources within their own borders. This dependence on other countries ties their economies together. If one country starts to fail, it impacts the other countries as

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