Can globalisation, despite its many advantages, also lead to negative effects such as an increase in inequality between countries, job losses in developed countries and pressure on local cultures? What are the positive and negative effects of economic globalisation? To what extent can international trade wars, which are waged by raising barrier tariffs and imposing sanctions on the cross-border movement of goods, technologies, raw materials and other production factors, limit the scale of economic globalisation?

Numerous studies on this issue show that globalisation, although beneficial, also carries risks such as increased inequality, job losses and the erosion of local cultures. Corporations contribute to unemployment in developed countries and exploitation in developing countries by relocating production to countries with lower labour costs. Job losses are caused by relocating production abroad and cultural erosion by cultural homogenisation. Regulations, the protection of workers' rights, the promotion of local businesses and intercultural dialogue are needed. Research helps to understand and minimise the negative effects of globalisation. Globalisation has changed in character in recent years. Globalisation has changed significantly since the pandemic economic crisis of 2020. I have described these issues in the following publications.

I have summarised the main issues concerning the impact of the Covid-19 pandemic on the economy and financial markets in the article below:

IMPACT OF THE SARS-COV-2 CORONAVIRUS PANDEMIC (COVID-19) ON GLOBALISATION PROCESSES

Article IMPACT OF THE SARS-COV-2 CORONAVIRUS PANDEMIC (COVID-19) ON ...

GLOBALISATIONAL AND NORMATIVE DETERMINANTS OF THE IMPROVEMENT OF THE BANKING CREDIT RISK MANAGEMENT IN POLAND

Article GLOBALIZATIONAL AND NORMATIVE DETERMINANTS OF THE IMPROVEMEN...

Globalisation and the process of the systemic and normative adaptation of the financial system in Poland to the European Union standards

Article Globalization and the process of the systemic and normative ...

And what is your opinion on this matter?

What is your opinion on this issue?

Please answer,

I invite everyone to join the discussion,

Thank you very much,

Best regards,

I invite you to scientific cooperation,

Dariusz Prokopowicz

More Dariusz Prokopowicz's questions See All
Similar questions and discussions