Impact of globalization - Introduction to International business Video Lecture | International Business - B Com

[Music]
this video will explain the impacts of
globalization the evidence of
globalization is everywhere but it is
important to recognize that not everyone
is in favor of it
some groups argue that TNCs are
responsible for many of the world's
environmental problems these problems
include global warming the depletion of
natural resources and the production of
harmful chemicals some groups also claim
that PMC's take advantage of developing
countries by polluting industries within
their borders logging their tropical
forests and exploiting their labor other
concerns include the loss of local
culture the tendency for developed
countries to interfere in the affairs of
developing countries and a reduced power
of governments to control economic
activity however there are people who
support globalization and suggest it
benefits individuals in the global
community the corner of globalization
claimed Ana's results in faster economic
growth quicker access to new technology
cheaper imports and greater competition
supporters of globalization also argue
that globalization will make the world
economy more efficient and will continue
to create hundreds of millions of jobs
mainly in developing countries thank you
for watching Adamek eight