What is one of the negative effects of globalization? A. Underdeveloped countries losing jobs to developed countries
O B. An increasing income gap between rich and poor countries
O C. A slowdown of growth in high technology industries
D. Runaway inflation undermining purchasing power in developed
countries

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Explanation:

13 Negative Effects of Globalization (With Examples)

Updated on: February 10, 2020 Leave a Comment

With respect to developing countries, globalization policy has both positive and negative aspects. Globalization leads to contraction or shortening of the world market.

negative effects of globalization

negative effects of globalization

Page Contents  

Negative Effects of Globalization

1. Cut-throat Competition

2. Removal of Protection

3. Hindrance in Establishment of Small and Cottage Industries

4. Limited Field of Domestic Institution

5. Expensive Imports

6. Takeover of Business

7. Arousal of Monopoly

8. Ownership of Institutions

9. Expensive Domestic Goods

10. Effect of Priorities of Plans

11. Unemployment

12. Increase in Inequalities

13. Effect on National Sovereignty

what terms are there?

for many centuries there were important factors which the economies of the muslim empires developed increasingly. they applied economic procedures in production, investment, finance, taxation and property. they used to tax certain goods (for example: harvest), they charged interest on money lent, they signed contracts with merchants; they relied on a common currency, and they used checks as well as promissory notes. with the money collected by means of taxation, the government provided the needy with an income. in addition, trading networks covered huge distances, so far regions started to have contact and exchange goods. this trade network covered areas of asia, africa and europe.