Negative Effects Of Globalization

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United state of america is the first country to protest against the negative effects of globalization in 1999. This protest was made by the labours because of the cheaper import from india, china and pakistan.

The main effect of globalization is the shirking of world. A business in india can have just as much influence on your business as a business across the street. Since that business in india will pay different taxes and is subject to different laws and has different cost you might be at an extreme disadvantage when attempting to compete with this business. the eventually impact of globalization
could be very positive or very negative depending on your viewpoint...

In this blog i will tell you about the negative effects of globalization.

Before discussing the negative effects of globalization i will tell you what is globalization. " The term frequently used to identify a trend toward increased flow of goods, services, money, and ideas across national borders and the subsequent integration of the global economy".

lets discuss negative effect of globalization.

• Developed nations have outsourced manufacturing work. That means less jobs for their people. This has happened because manufacturing work is outsourced to developing nations like China where the cost of manufacturing goods and wages are lower. Programmers, editors, scientists and accountants have lost their jobs due to outsourcing to cheaper locations like India.

• so i can say that by outsourcing the manufacturing work many people loses their job so it is one of the negative aspect of globalization.