countires with bad impacts of globalization

The world only has a finite amount of resources, and globalization uses them up at a rapid rate. Moreover, many states encourage the production of cash crops to be sold at market, rather than food that can be eaten by the farmers themselves.

Srivastava and Khan acknowledged that globalization has numerous effects, especially negative impacts, in the social sphere. Nevertheless, some articles are somewhat general and they discuss the effects of globalization without dealing with specific countries. For many poor people, it is in their best interest to cut town forests and destroy wetlands in order to build farms and factories. As such, the effects of globalization are studied in specific regions or countries. Globalization has profound environmental consequences as well, which are felt primarily in the developing world. Cheap imports flood markets and make locally produced goods unviable. Globalization also stifles the development of local competition because resources are scant, and companies that operate on a global scale can sustain greater losses than small ones.

This “race to the bottom” exploits poor workers and forces them to work in unsafe and unsanitary conditions for very low wages. These companies typically care far more about maximizing profits than about the development of local populations, according to. The rise of globalization is entwined with the growth of transnational corporations.

Countires with bad impacts of globalization