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Challenges

Globalization faces several challenges: 1. It can erode national sovereignty as countries deepen economic integration and lose control over resources and policies. 2. Populism and nationalism have risen as some people feel harmed by free markets and job losses from labor movement. 3. Poverty remains a major issue as too many people still cannot support themselves despite aid needed for underdeveloped nations.

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Shovie Pastor
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15 views1 page

Challenges

Globalization faces several challenges: 1. It can erode national sovereignty as countries deepen economic integration and lose control over resources and policies. 2. Populism and nationalism have risen as some people feel harmed by free markets and job losses from labor movement. 3. Poverty remains a major issue as too many people still cannot support themselves despite aid needed for underdeveloped nations.

Uploaded by

Shovie Pastor
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
Download as docx, pdf, or txt
Download as docx, pdf, or txt
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Challenges to GLOBALIZATION

Corruption
Erosion of National
Sovereignty Rise of Populism Poverty Environmental
Changing standards In rich or poor
Nature of Work countries, corruption
It's possible for Many people are There are still far Technological mostly affects the
nations to lose looking for ways too many people advancement has
control over to regain control who pass away resulted in an poor, yet it also has an
their own over their lives because they are exponential adverse impact on all
resources and because they Globalization unable to support increase in human aspects of society,
economic believe the free has resulted in themselves. We potential to affect
labor must prioritize the environment.
including the
policies when market has
harmed them. movement and aid and a more While this has environment, people's
they integrate
Nationalism and relocation, equitable trading numerous
more deeply health, political and
protectionism resulting in the system. As we advantages, it also
into the global loss of some democratic
have developed shall see, it can be poses a number of
economy. Due jobs as well as advancement, and
as a result of this of great issues with the
to rising an increase in
tendency, assistance to exploitation of economic
international unemployment
harming both underdeveloped natural resources
competition, . advancement.
firms and nations. in cultures with
both businesses consumers.
and consumers
may suffer as a
result.
Globalization
It is the interconnectedness and
interdependence of people and
countries. It changes the way
nations, businesses and people
interact. Specifically, it changes the
nature of economic activity among
nations, expanding trade, opening
global supply chains and providing
access to natural resources and
labor markets.

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