Globalisation has been positive by improving the quality of life in many countries. On the other hand, there have been negative impacts of globalisation, such as increased global inequality, increased corruption, loss of jobs and environmental degradation, to name a few.
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Globalisation has been positive by improving the quality of life in many countries. On the other hand, there have been negative impacts of globalisation, such as increased global inequality, increased corruption, loss of jobs and environmental degradation, to name a few.
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**Positive Impact of Globalization:**
1. Economic Growth: Globalization has led to increased trade and investment, fostering economic growth.
2. Access to Goods: Wider availability of products and technology benefits consumers.
3. Cultural Exchange: Exposure to diverse cultures promotes tolerance and understanding.
**Negative Impact of Globalization:**
1. Economic Inequality: Disparities in wealth can widen.
2. Cultural Homogenization: Local cultures may be overshadowed by global trends.
3. Environmental Concerns: Increased consumption can harm the environment.