NEGATIVE EFFECTS OF GLOBALISATION

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NEGATIVE EFFECTS OF GLOBALISATION                                                                                                                                     Economic liberalization:                      The world today is so interconnected that the collapse of the mortgage market in the U.S  has led to a global  financial crisis and recession on a scale not seen since the great depression .Government deregulation and failed regulation of wall streets investment banks wrer important contributors to the mortgage crisis.                                                                                                                                                                                          A flood of consumer goods such as televisions radios bicycles and textiles into the united states europe and japan has helped fuel the economic expansion of asian tiger economies in recent decades.Howevre  chineses textile and clothing exports have recently encountered criticism from europe the untited states and some african countries.In south africa some 300,000 textile workes have lost their jobs due to the influx of chineses goods.A total of 3.2 million one in six U.S factory jobs  have disappeared since the start of 2000.                                                                                                                                                                 EFFECT ON INCOME DISPARITY                    A study by the world institute for development economics research at untied nations university reports that the richest 1% of adults alone owned 40% of global assets in the year 2000.The three richest people possess more financial assets than the poorest 10% of the worlds population combined.The combined wealth of the 10 million millionaires grew to nearly $41 trillion in 2008 about 50% of people in sub saharn africa are living in exterme poverty.Nearly half of all indian children are undernourished..                                                                                                                                                                                                                                                                                                                                                    EFFECT ON DISEASE;                              gLOBALIZATION THE FLOW OF INFORMATIONGOODS CAPITAL AND PEOPLE ACross political and geographic boundaries has also helped to spread some of the deadliest infectious dieseases known to humans.Starting in asia the black death killed at least one third of europes population in 14th century modern modes of transportation allow more people and products to travel around the world at a faster pace they also open the airways to the transcontinental movement of infectious diseases.One example of this occurring is AIDS/HIV.AIDS remains the leading cause of death among african american women between ages 25 and 34.             



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Shahbazahmad

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