Summary - The Double Edge of Globalization (Final Draft)

Globalization has its pros and cons. On one hand, it leads to increases in trade while on the other hand; it results in the adverse impact on the environment. Effects of globalization include deforestation, global warming and pollution. These problems contribute to major environmental issues such as accounting for one-fifth of global carbon emissions, floods and air pollution. Critics argued that global corporations relocated their operations to countries with weak environmental policies to avoid taxes, but the main reason for the relocation was the size of the local market. Efforts to reduce global warming have been effective, with more nations gaining awareness of globalization and combined action in reducing ozone depletion. However, the United States has refused to sign the Kyoto Protocol, despite being the world’s top carbon emitter. The negative impact of globalization could be further minimized if the major powers of countries are willing to use both media and political influence to promote change.