What is globalization what are the positives and negatives?

Answer 1

Globalization is a term used to describe a political-economic trend in which nations and their economies have largely transitioned from being self-contained, self-sustaining states interacting mostly within their own borders and with neighboring countries, to becoming multinational economies in which nations are economically interconnected with each other through international trade across the globe.

What the positive and negative aspects are is largely subjective.

Generally, many people consider the effects of increased trade, increased diversity and the sense of solidarity of an international, global community to be positive.

Some aspects that are usually considered negative might include outsourcing of jobs (due to the owners of the means of production being able to find cheaper labor and more capital-friendly modes of production in countries that have fewer or less restrictive labor laws and regulations), increased warfare over resources, production of waste in one country which dumps that waste in Another Country, and pollution from increased travel and transportation of goods using vehicles that burn fossil fuels and emit environmentally harmful carbon as a byproduct.

Answer 2

Globalization refers to the interconnectedness and integration of economies, cultures, and societies worldwide. Some positives include increased economic growth, cultural exchange, and access to a wider variety of goods and services. However, negatives can include widening economic inequality, cultural homogenization, and environmental degradation due to increased consumption and production.