Negative Effects Of Globalization

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.