Globalization refers to the increased movement and exchange of people, goods, services, capital and information across borders. This increased interaction between regions can have both benefits and risks. Potential risks include intellectual property theft if products are manufactured overseas, corruption in some developing nations, social injustice and poor working conditions in multinational corporations. Globalization may also contribute to the spread of communicable diseases worldwide and increase environmental damage. Overall, globalization offers opportunities but also challenges to ensure fairness for all people.

2. A Simple Globalization Definition:
Globalization means the speedup of movements and exchanges (of human beings,
goods, and services, capital, technologies or cultural practices) all over the planet.
One of the effects of globalization is that it promotes and increases interactions
between different regions and populations around the globe.

3. Potential for IP theft
When products are built overseas in factories on
behalf of a company based in another country,
there is potential that intellectual property and
designs could be copied and stolen and replicated
and sold for cheaper elsewhere.
Corruption:
Different standards apply in different countries,
and many nations in the developing world are rife
with corruption like: money loundring.

4. The general complaint about
globalization is that it has made
the rich richer while making
the non-rich poorer.
“It is wonderful for managers,
owners and investors, but hell
on workers and nature.

5. • Multinational corporations
are accused of social
injustice, unfair working
conditions (including slave
labor wages, living and
working conditions), as well
as lack of concern for
environment,
mismanagement of natural
resources, and ecological

6. Globalisation usually results
greater increase in export than
increase in import. China,
USA, Brazil.
• Building products overseas
in countries like China puts our
technologies at risk of being
copied or stolen, which is in
fact happening rapidly.

7. Some experts think that
globalization is also leading
to the incursion of
communicable diseases.
Deadly diseases like
HIV/AIDS and COVID-19 are
being spread by travelers to
the remotest corners of the
globe.

8. We’ve already seen what free trade does
to the environment. Greenhouse gas
emissions rose in 2018 despite efforts to
curtail them. Micro-plastics invaded our
oceans, creating negative impacts on
marine life. The waters of our planet are
slowly acidifying, creating economic
and health impacts every day

10. Use economy as weapon:

11. Islamophobia:
• Terrorism, Hate Crimes
and Western Politics:
Islamophobia in the
Context of Globalization
and the Media

12. Conclusion:
• The advantages and disadvantages of globalization show
us that a world free to move and communicate offers
numerous opportunities to pursue. It also shows us a
planet where fewer opportunities may exist for workers
and families who are employed in low-skill positions. We
have many challenges to face in the coming years as the
world continues to become a smaller place. That’s why we
must continually look at these issues to ensure everyone
has a fair chance to find success.