Explain how globalization cause inequality, instability, unemployment, cultural homogenization, and environmental degradation.

For its advocates, globalization has been lauded for increasing economic opportunities and individual freedom and empowerment.  And yet, many people, both in the rich and poor worlds, view it as an oppressive force and a direct threat to their freedom.

Hence, does globalization cause inequality, instability, unemployment, cultural homogenization, and environmental degradation, or is it an engine of prosperity, wealth, and general human advancement for the vast majority of the world’s peoples?

 

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