Question

please write in a current APA formatted, (Links to an external site.) 250-500 word position paper on the cons of globalization

Answer 1

The Cons of Globalization

Though it comes with perks, there are a number of cons to globalization that analysts and critics have noted for years. They include:

1.The oppression of weaker and poorer economies by those that are more robust; ‘the rich get richer, the poor get poorer’.

2.The danger of job loss, with certain industries and sectors sending jobs to countries where workers are willing to do the same amount of work or more for smaller wages.

3.Multinational corporations often get away with poor, unsafe, unethical, or exploitative working conditions due to variations in laws and regulations from one country to another.

4.Multinational corporations can exploit tax haven nations, sending large portions of revenue offshore to avoid taxation.

    Globalization is a complicated and an ever-changing process that has both good and bad aspects. Globalization, with the door to many countries open to one another, will continue. The primary goal then is to ensure that countries and independent financial actors work in harmony with one another for the betterment of everyone.