Negative Aspects of

Globalization
Made by Yana Povalinskaya,
3rd year student of International Economic Relations (I
OUTLINE
•What is globalisation?
•Common ‘good’ or not?
•Consequences of
globalization
What is globalisation?
Globalization is the spread of products,
technology, information, and jobs
across national borders and cultures.
In economic terms, it describes an
interdependence of nations around the
globe fostered through free trade.
Common ‘good’ or not?
Globalization seems to be
looked on as an unmitigated
“good” by economists.
However, globalization cause a
lot of problem, and they will be
shown at the further slides.
Globalization uses up finite
resources more quickly

Figure 1. China’s energy consumption by source, based on BP’s Statistical Review of

Globalization increases world
carbon dioxide emissions.

Figure 2. Actual world carbon dioxide emissions from fossil fuels, as shown in BP’s 2012
Statistical Review of World Energy. Fitted line is expected trend in emissions, based on
actual trend in emissions from 1987-1997, equal to about 1.0% per year.
bottom,” with each country trying to get an
export advantage by dropping the value of its
currency.

Globalization encourages dependence on

other countries for essential goods and
services.

Globalization ties countries together, so that if

one country collapses, the collapse is likely to
ripple through the system, pulling many other
countries with it.
Consequences of globalization
Globalization operates mostly in the
interests of the richest countries,
which continue to dominate world
trade at the expense of developing
countries.
There are no guarantees that the
wealth from inward investment will
benefit the local community.
 Thank you for
your attention!