Final answer:
Critics of globalization argue that it benefits corporate executives and major corporations at the expense of developing countries and the environment, creates job losses due to offshoring, and weakens labor movements.
Step-by-step explanation:
Critics of globalization raise several concerns about its effects on society and the economy. They claim that it can lead to negative impacts on the environment, weaken labor movements, and create structural unemployment due to offshoring. These critics believe that while globalization benefits international financial and industrial corporations, it often does little to assist less developed countries, instead exacerbating economic inequality and social challenges.
For instance, the critics note that the major winners of globalization tend to be company executives and major corporations, not citizens in underdeveloped countries. Additionally, offshoring can result in job losses in developed countries as companies move operations to nations with cheaper labor and fewer environmental regulations, potentially undermining local economies and labor movements. Furthermore, wealthy nations sometimes coerce economically weaker nations to open their markets, yet protect their own products from competition, which can particularly affect agricultural exports from poor and developing countries. Critics also express that the rapid urbanization caused by the chase for job opportunities can be difficult for countries to manage efficiently.