Problems With Globalisation Flashcards

(6 cards)

1
Q

Exploitation (disadvantages of globalisation)

A

Exploitation of CHEAP LABOUR in developing countries and ENVIRONMENTAL DEGRADATION. Workers in sweatshops may face long hours, low wages and poor working conditions and even child labour
Environmental: pollution and ecological damage

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2
Q

High investment costs (disadvantages of globalisation)

A

Expanding into new countries requires CAPITAL investment and infrastructure development

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3
Q

Weak regulation (disadvantages of globalisation)

A

Globalisation often lacks comprehensive regulatory frameworks

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4
Q

Immigration challenges (disadvantages of globalisation)

A

The movement of people across borders can strain resources and social structures

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5
Q

Localised job losses (disadvantages of globalisation)

A

As many companies move their factories to developing countries for cheaper labour, this can result in unemployment and economic decline in the “original town”

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6
Q

Spread of diseases (disadvantages of globalisation)

A

As transportation and bringing people together from all around the world it helps spread diseases
Ex: COVID 19 appeared in china and 180 countries have reported cases and had a severe consequence on the economy

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