Positive and Negative Effects of Globalization

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To sum up, globalization has shrunk the world that allows people to know what has happened in the world through the mass media. It has made some countries to be the leading nation in economy based on the large amount of foreign direct investments, and economic growth has brought good living standard to people in the country. However, Job opportunities can be decreased as production or manufacture has been transferred to be produced outside the country, and trading with foreign partner may also experience with exchange rate risk as the currency exchange is being updated in every second. Moreover, Industrialization has polluted environment as they releases a lot of chemical substances to atmosphere, and tourism which is a non-smoked industry also pollutes environment through human consumption.

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