Answer:
Globalization is not only an economic trend, but it also has a significant cultural, political, and social impact on the world as well.
Explanation:
- Despite promising an improved standard of living and economic development, globalization has been heavily criticized for producing negative effects. Most commentators have also argued that globalization has adverse environmental consequences.
- Consequently, the massive transportation advancement that was the basis of globalization is also responsible for severe environmental concerns such as greenhouse emissions, climate change, or pollution.
- Globalization is a difficult problem. Before drawing any conclusions it is important to evaluate the pros and cons.
- The advocates argue that globalization reflects free trade that encourages global economic growth; generates employment, makes businesses more competitive, and reduces consumer prices.