![]() Increased emissions: The farther a product travels, the more fuel is consumed, and a greater level of greenhouse gas emissions is produced.This increased transport of goods can impact the environment in several ways, including: In the past, products were more likely to be produced, sold, and consumed more locally. One of the primary results of globalization is that it opens businesses up to new markets in which they can sell goods and source labor, raw materials, and components.īoth of these realities mean finished products travel farther now than ever before-potentially halfway around the globe. What Are the Effects of Globalization on the Environment? 1. As a result, it can also increase the risk of societal violence.Īlong with its societal effects, globalization has a lasting impact on the environment-and typically not a positive one.įree E-Book: How to Be a Purpose-Driven, Global Business ProfessionalĪccess your free e-book today. Income inequality is directly related to globalization as it further increases the gap between more advanced and developing areas of a nation. ![]() However, globalization can also have negative effects on society, such as increased income inequality and substandard working conditions in developing countries that produce goods for wealthier nations. This includes implementing efficient transportation systems and ensuring accessibility to services such as education and healthcare. Social globalization-the sharing of ideas and information between countries-has led to innovation in the medical, technological, and environmental preservation industries.Īdditionally, globalization has improved the quality of life in several developing nations. There are several benefits of globalization, such as increased international trade and cooperation and less international aggression. Advanced economies are formed as domestic businesses transform into international ones and further contribute to the spread of technology around the world. The world has become more connected than ever before through the increase in technological advancements and economic integrations. Here’s a breakdown of how globalization impacts society and the environment and what business leaders can do to reduce negative consequences. While globalization can impact society both positively and negatively, its effect on the environment is primarily negative. Globalization-defined in the online course Global Business as the increased flow of goods, services, capital, people, and ideas across international boundaries-has brought many changes in its wake.
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