Meaning of complex linkages in regards to globalization-
In globalization Country A its connection with Country B is based on-
1.Trade and investment.
2.International Policy Regimes.
3.Multinational Enterprises
This type of linkage is called complex linkage.
List of the Disadvantages of Globalization
1. Globalization will make rich countries consume
more
The statistics of consumption especially food tells us
that those who are in power take the majority of food resources
away from the general population.
Example-An average Americans eat almost 200 billion more calories per day as a nation than they require, which means 80 million people are hungry needlessly because of these consumption habits. About 200,000 tons of edible food is disposed of daily in the United States. By the age of 75, the average person in the U.S. creates 52 tons of garbage.
Globalization would likely centralize distribution of necessary resources. With only a few controlling access to the many, the chance to negatively impact populations on a large scale become greater when borders are reduced.
2. Globalization create employment opportunities only in
developed countries
The future job involves programming, robotics, and artificial
intelligence. employers who adapt to automation with their skillset
are the most likely to find jobs in the coming time. Jobs which
require repetitive functions will be the first to go away, which
are the employment opportunities often found in the developing
world. With no meaningful skills to a globalized economy, there
could be a higher unemployment rate if border restrictions reduce
because only those in the developed world would be trained for the
coming future.
3. Globalization changes the origin of
people.
People are global citizens in some ways already. We all share the
same planet, after all, so we are united with that common ground.
If we lose borders, however, we also lose a piece of our culture,
ethnicity, or family heritage. People identify themselves based on
their history, so being American in a global world would have less
impact than it does today.
4. Globalization is harmful for the
environment.
People have already seen what free trade does to the environment.
Greenhouse gas emissions rose in 2019 inspite of efforts
to reduce them. Micro-plastics invaded our oceans, creating
negative impacts on marine life. The waters of our planet are
slowly acidifying, creating economic and health impacts every day.
Over 500,000 Indians die each year because of pollution
exposure.
5. Globalization makes rich more rich and the poor
more
Unless borders are completely removed, the advantages of
globalization are challenging to achieve. The people who have the
power to dictate policy would have the most significant rewards.VAT
above 20% exist in some nations. Tariffs above 50% exist for some
products.Those with money to invest would see their bank accounts
continue to rise. At the same time, households living
paycheck-to-paycheck would struggle to access what they require,
suppressing their ability to pursue a better job.
6. Globalization would encourage disease transfer.
The biggset example bieng corona virus covid 19 which has its epicenter in Yuhan China and now spreading throug out the world other example of the Columbian Exchange was profound at the time. Over 90% of some population centers died because of their exposure to smallpox, chickenpox, and other diseases that the Europeans were somewhat immune to at the time. . If global travel restricts eased, then issues with malaria and tropical disease could spread to portions of the world where exposures are reduced.
7. Globalization is creating centralised politics around
the world.
The individuals and organizations who spend the most to support
politicians would receive the best chance of having their needs met
first.It is seen billions spent in U.S. elections lately
to influence legislation and policy to become favorable toward
specific outcomes. This issue would translate to a global economy,
where only the richest and most influential would influence laws
which would impact the entire world
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