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Erosion of Democracy:Globalization has led for the weakening, erosion and in some cases destruction of democracy. Globalization has significantly improved the wealth and power of multinational corporations and they may have article tended to interfere with and Command the economic policy and politics of building nations.
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Globalization is a posh problem, and Although some argue that it lessens world poverty, Other folks argue that it essentially raises wealth inequality around the globe.
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Conversely, generation personnel and service staff in industrialized nations are unable to compete with staff in 3rd earth international locations and possibly lose their Work by outsourcing or are pressured to just accept wage cuts