Which industries have a bad effect of globalisation?
Question: Which industries have a bad effect of globalisation?
Globalization has had a mixed impact on different industries, with some industries benefitting while others experiencing negative effects. One industry that has faced criticism for its negative impact of globalization is the manufacturing industry, particularly in developed countries. The outsourcing of production to developing countries with lower labor costs has led to job losses and economic downturns in some developed countries. Similarly, the agricultural industry has also been affected by globalization, with large corporations dominating the market and small-scale farmers struggling to compete. Additionally, globalization has led to environmental concerns, with industries such as oil and gas and transportation contributing to climate change and pollution. Therefore, while globalization has brought many benefits, it has also had a negative impact on certain industries.
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