Final answer:
Giddens' definition of globalisation may overlook the negative effects on local economies and environments, the imbalance of power between nations, and the hardships faced by least developed countries in adapting to a global market.
Step-by-step explanation:
The problem with Anthony Giddens' definition of globalisation is that it might not sufficiently address the complex impacts on local economies and the environment, nor the concerns regarding unequal power dynamics between nations. Critics highlight issues such as rapid industrialization without regulatory oversight leading to environmental degeneration and socio-economic damage. Additionally, there's a lack of social institutions protecting workers in countries with scarce jobs, leading to weakened labor movements. Another critical point is that while economically weaker nations are forced to open their markets, wealthier countries may protect their own industries, which is detrimental to the global south's agricultural economies.
In his 2007 article for the United Nations, Koroma elaborates on the difficulties that least developed countries face when integrating into a globalized economy. These challenges include a lack of infrastructure, unfavorable weather conditions, and international price volatility, which can hinder rather than help their economic advancement.