Impact of Globalization on the Local Economy: Good or Bad
If you talk about the flow of globalization, we can see the facts on the ground that there will be unstoppable changes that will affect the economic sector, technology and various other things that can affect local communities, especially economic development.
Thus, the impact of economic globalization cannot be separated from positive and negative things, this can be proven from several sources that reveal the impact on local economic globalization.
For example:
Positive.
Make human life easier. Economic development has an impact on people's ease in life.
Increased Job opportunities.
Standard of Living Increases.
There is no shortage of goods.
Ready to Compete in the Era of Globalization.
Income Inequality.
Increased Pollution.
Lifestyle Changes.
Negative.
From the negative impact of globalization in the economic sector, there are at least several conditions, including: Excessive lifestyle. With the ease of getting a variety of choices, this has led to the emergence of an excessive and uncontrolled consumer lifestyle.
Triggering environmental damage, due to increased industrial activity, from production to consumption. There is an imbalance in per capita income between developing and developed countries. Income gap between citizens in one country.
Whether we realize it or not, people will feel this change in globalization, but even if that happens, of course we will still focus on positive things because of developments over time.