Disadvantage of Globalization

Globalization is very important nowadays. With globalization, our nation products can export to other country. So that our economy will improve. Not only we can export products to other country, but we can also import products, technical, human resource and so on and so for from other country too. This will help to improve our economy too by more money flow in the market. However, globalization have negative impact too.

One of the disadvantage of globalization is the increasing number of the loafer. After the industrial revolution, industry gravitated some particular countries. Because of that, these countries became a power in industry. However production decreased and so unemployment was raised in the other countries. Another reason of the unemployment rise is that the need of less manpower. As stated at Wikipedia, many workers found themselves suddenly unemployed, as could no longer compete with machines which only required relatively limited work to produce more product than a single worker.

Besides,another damage of globalization is that some cultures are getting lost. The cultures of the countries that have more economic power are more dominant than others. Because, wealthy countries produce many things that can affect cultures, for example, clothes, movies and technologic products. While the global community is increasing, more and more people have became ignorant about social, ethical and moral values which are various in defining groups.

The final significant effect of globalization is the difficulty of competition. With globalization, trade between the countries has been started to remove limits. This situation of enterprises has prepared the ground to be in constant competition with not only national competitors but also international competitors. Therefore, business requires being in a more rigorous and challenging competitive atmosphere to maintain continuity and development. Rising of monopole companies and trough among production costs are the main effects of this hard competition in business.