Negative Effects Of Globalization

Politics: Powerful countries and individuals nowadays have political control over the whole world, not only their country. The United States is an example of a country that influences the whole of the world politics.

I believe globalization is a positive development generating more trade and hence welfare of the whole world. Nevertheless it also has some significant disadvantages which should not be forgotten. These include:

Increasing trends in migration of labor to developing countries as large firms shift their production to developing countries.
Some powerful people and countries control the whole world
Loss of jobs in countries that cannot compete with larger firms