One of the negative effects of globalization is that it increases energy consumption and increases environmental problems in the world. Another negative aspect of globalization is that it transfers wealth and jobs from developed nations to less developed ones. This reduces the buying power of developed nations.
I dont know what wealth is but Artha is worldly wealth, or the pursuit of wealth. Hope this helped (:
Global wealth is less evenly distributed. Due to globalization The wealth gap is growing larger Outsourcing is becoming more common
generally yes it does, but it increases overall wealth
Countries who want to improve their economy and aim for internal development can benefit from globalization. However, the wealth brought by globalization is not equally distributed and those who are rich gain that phenomenon and the poor actually lost.
Yes.
The majority of the world's countries are left on the margins of globalization due to the lack of infrastructure and wealth. They are unable to compete in the global marketplace.
This quote suggests that a person who accumulates wealth but does not use it for good or meaningful purposes will be remembered in a negative light. It implies that wealth alone does not lead to fulfillment or a positive legacy.
Positive effects- it created jobs, it created wealth, and it produced better living Negative effects- living conditions were bad, workers got seriously injured/killed, cities became crowded, and some countries tried imperialism
The bad economy is making people realize that material wealth is not the most important thing in life.
They are highly destructive with their wealth.
One argument against globalization is that their is more disparity of wealth now. Other arguments against globalization are that the economics of other countries can affect America and countries can lose jobs when other countries will do the work for less.