What are the disadvantages of globalization?
What are the disadvantages of globalization in terms of environmental degradation, exploitation of labor, misallocation of resources, and effect on the balance of trade?
Please explain.
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I will take China for example, the environmental degradation from trades (one of globalization's aspects) are air pollution, water pollution and global warming. These are caused by the manufacturing companies that keep growing in China. The manufacturing companies waste did not get taken care of properly; the waste will make the pollution and global warming issue even ...
Solution Summary
The solution discusses the disadvantages of globalization.
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