Final answer:
Globalization often leads to job destruction in advanced countries and does not strengthen local communities. It can lower prices and stimulate economic growth, but also cause economic inequality and harm to the environment.
Step-by-step explanation:
Globalization does not necessarily strengthen local communities; in many cases, it can have the opposite effect. While globalization can stimulate economic growth and lower prices for goods and services due to increased competition and efficiency, there is significant evidence to suggest that it can destroys jobs in advanced countries through outsourcing and offshoring.
These jobs are often relocated to countries where labor is cheaper and environmental regulations may be weaker, leading to increased unemployment in developed countries and weakening support for globalization. Furthermore, globalization has been associated with negative impacts on the environment, exploitation of labor in developing countries, and challenging conditions for the least developed countries (LDCs) to participate fairly in global trade.