Negative Effects Of Globalization

Disadvantages of globalization are as follows:

1. Globalization is causing europeans to lose their jobs as work is being outsourced to asian countries. The cost of laboor in asian countries is low as compare to other countries.

2. The high rate of profit for the companies in asia has resulted in a pressure of the european employees, who are always under the threat of business being outsourced.

3.Companies are opening their counterparts in other countries. this result in transferring the quality of their products to other countries, thereby increasing the chances of deprection in terms of quality.