Negative Result Of Globalization. Globalization makes the existing technology obsolete overnight. The concept of Outsourcing which is associated with the globalization is responsible for providing jobs to the population of one country.
With the advent of globalization a lot of jobs are being outsourced to the developing countries. As a result a huge amount of losses occur. Globalization makes the existing technology obsolete overnight.
Globalization gives birth to the cut-throat competition which results in the early closure of many Institutions.
Negative Effects of Globalization It has had a few adverse effects on developed countries. Negatives of Globalization The most common drawback of globalization is that it is widening the gap between the rich and poor. Increased production means more natural resources are used and this can be used up before they are regenerated leading to a negative impact on the environment. With the advent of globalization a lot of jobs are being outsourced to the developing countries.