Problems With Globalisation Flashcards
(6 cards)
Exploitation (disadvantages of globalisation)
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
High investment costs (disadvantages of globalisation)
Expanding into new countries requires CAPITAL investment and infrastructure development
Weak regulation (disadvantages of globalisation)
Globalisation often lacks comprehensive regulatory frameworks
Immigration challenges (disadvantages of globalisation)
The movement of people across borders can strain resources and social structures
Localised job losses (disadvantages of globalisation)
As many companies move their factories to developing countries for cheaper labour, this can result in unemployment and economic decline in the “original town”
Spread of diseases (disadvantages of globalisation)
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