Wednesday, April 20, 2016

Unit 6: Economic development and its environmental risk - Impacts of globalization

Impacts of globalization

Globalisation is having a dramatic effect - for good or ill - on world economies and on people's lives. •Inward investment...
However not all people think that globalisation is such a great idea. Critics include many different groups such as enviro...
Source: http://www.slideshare.net/mhsgeography/globalisation-1063251

Source: http://www.buzzle.com/img/articleImages/325409-38128-37.jpg

Impacts at different levels

Level
Positive impacts
Negative impacts
Local
      ·         Job opportunities
      ·         Influx of information
      ·         Loss of job opportunities
      ·         Loss of cultural practices
National    
      ·         Access to global market
      ·         Competition in the global market
      ·         Unequal opportunities
      ·         Bending on national legislation by TNCs
Global      
      ·         Faster communication flow
      ·         Faster transport flow
      ·         Core versus periphery
      ·         Lack of global legislation/pattern of practices
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