Critically evaluate the outcomes of globalisation

One outcome of globalisation is the advantages towards the environment. Advantages on the environment include; the efficient allocation of resources in order to prevent the wastage of valuable resources, improved technologies and cooperation, which lead to better relationships between countries, global consciousness, thus people being made aware of global and environmental issues and how to prevent them, and diffusion of good values of environment conservation. These advantages enable people to become more educated and conscious of how their actions affect the environment and therefore looking after it better. However, globalisation also has disadvantages on the environment. Such disadvantages include; global economic activity which is exploitative and degrades and pollutes the environment, global competition which will lead to the loss of resources due to a lack of sustainability, development which leads to a loss of biodiversity and uncertainty for the future, therefore destroying habitats and killing off wildlife, international cooperation does not always happen and can cause tensions to rise especially if it impacts a particular country economically, and finally globalisation is a very slow process. Although globalisation is a slow process, its impacts are hard to reverse and can have devastating effects on the environment. However, I think that the advantages of globalisation outweigh the disadvantages on the environment, as once there is global consciousness it will be easier to control and care for the environment in the long run. Economically, TNCs and globalised industries have generated millions of new jobs in NICs and LEDCs, lowering the unemployment rate and giving people an income, therefore increasing their standard of living. However, when a company relocates it creates job losses and fear of job security. It also means that labour is less intensive. Yet, under the World Trade Organisation (WHO), trade has expanded rapidly, especially between MEDCs, LEDCs and NICs, increasing economic prosperity and opportunity. Nonetheless, in poorer countries globalisation can be viewed as TNCs taking advantages of cheaper labour and/or exploiting resources, including workers that may not speak the same language and therefore work more hours for less. Poorer countries do not have a comparative advantage, therefore taking more time to create a product than more efficient countries. In addition, there is an increasing gap between the rich and poor and big companies take over smaller businesses. Also, there is concern over the unfairness of global organisations such as the World Bank. Economically, I can conclude that the negative effects of globalisation heavily affect poorer countries, easily outweighing the advantages.