There are several benefits of globalization, such as increased international trade and cooperation and less international aggression. Advanced economies are formed as domestic businesses transform into international ones and further contribute to the spread of technology around the world. The world has become more connected than ever before through the increase in technological advancements and economic integrations. Here’s a breakdown of how globalization impacts society and the environment and what business leaders can do to reduce negative consequences. While globalization can impact society both positively and negatively, its effect on the environment is primarily negative. Globalization-defined in the online course Global Business as the increased flow of goods, services, capital, people, and ideas across international boundaries-has brought many changes in its wake.
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