Final answer:
The problem with Cohen and Kennedy (2000)'s definition of globalisation is that it may fail to capture the complexities, including the adverse impacts on the environment, economic imbalances, and challenges for least developed countries. It might overlook issues such as rapid industrialisation without regulation, weakened labor movements, and unfair market practices that disadvantage poorer nations.
Step-by-step explanation:
Critics often highlight certain problems with definitions of globalisation, such as those by Cohen and Kennedy (2000), which may not fully encapsulate the complexities and negative ramifications of global integration. One problem is the tendency of such definitions to overlook the uneven effects of globalisation, including environmental concerns, socio-economic inequalities, and the challenges faced by least developed countries (LDCs). These issues encompass the spread of industrialisation without adequate environmental regulation, as well as the imposition of market liberalisation on weaker economies by more powerful countries, often without sufficient protection for workers or consideration for local economic stability.
Concerns also arise from the impact of globalisation on labour movements and the environment; for instance, rapid industrialisation can exacerbate economic damage due to deregulation, while international competition can hinder the development of strong labour movements, particularly in countries where jobs are scarce. Additionally, critics point out that richer nations may compel poorer ones to open their markets, all the while sheltering their own products from competition, which is especially detrimental to the agricultural sectors of LDCs. The increased competition and pace of globalised markets can make it more challenging for LDCs to progress, despite the potential opportunities globalisation could offer.
The definition provided by Cohen and Kennedy may be critiqued for not adequately addressing these multi-faceted concerns, hence failing to provide a complete picture of globalisation's diverse effects on different regions and sectors of the world economy.