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Why has globalization result in increasing environmental damage around the world?
Wiki User
∙ 7y ago
The profit motive drives companies that are competing in the global marketplace to exploit Natural Resources.
Garnet Zemlak
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Why does globalization lead to environmental damage?
Environmental-protection regulations increase compliance costs and decrease economic competitiveness.
What is the relationship between the profit motive and environmental damage?
Without stronger international institutions to make and enforce standard rules, international competition and the free movement of goods, capital, and people will continue to feed the problems raised by globalization. apex bxtches :) @you_CRAVE_gucci <3
What are five hazards of globalization?
The Hazards of Globalization: Economic Development - rapid changes and unequal economic power can lead to radically unequal development. Labor Rights - the mobility of investment and jobs can enable companies and countries to exploit workers. Environmental Problems - lack of world environmental standards can increase pollution and ecological damage. Human Rights - the profit motive can get companies to look the other way when governments violate human rights. Terrorism - cultural and political disruptions can spur on terrorists to attack the forces they feel are undermining their worl
Globalization and its impact on the fashion industry?
Globalists believe the economic growth that occurs as one of the effects of globalizationoutweighs its disadvantages. They expect that enough money and economic progress will be made to pay for any damage to environment or small-scale economy that might happen. It can also help improve the economies of nations with high levels of poverty, giving their citizens access to the technology, clean water and city infrastructure that comes with economic business development. One theory of the effects of globalization suggests that global trade can increase worldwide financial instability. Because the globalization system means one country's economy can directly affect another country's economy through their mutual trade, financial crises that start in one country can become a worldwide problem for all countries connected to it. The economic effects of globalization are generally positive for countries engaging in global trade, raising the per capita income of the citizens of those countries. In some countries, the rich gain more money, while the poor lose access to financial and natural resources taken by global companies. Globalization can help mega-corporations that may create environmental disturbances and pollution. Many believe the economic growth that occurs as one of the effects of globalizationwill create enough revenue to clean up any environmental disasters that occur as a casualty of business. Still others believe corporations do not take responsibility for cleanup. In the past, legal limits on corporate liability for environmental damage caused by disasters like oil spills have kept large corporations from bearing the full financial responsibility for cleanup of the environmental problems caused by their company operations.
What is meant by marginal damage?
Marginal damage is a term used in the economics of law that refers to the incremental (derivative) change in damage incurred by increasing levels of risk or decreasing levels of prevention with respect to some kind of harmful activity. Marginal damages are used to calculate optimal levels of damage, risk, and prevention.
Why does globalization lead to environmental damage?
Environmental-protection regulations increase compliance costs and decrease economic competitiveness.
How much environmental damage does an Airbus do?
They do no environmental damage. They are quiet and fuel- efficient.
What are the environmental damage of the savannas biomes?
One example of environmental damage found in the savanna biome is grazing. Deforestation and climate change are also two reasons there may be environmental damage in the savanna.
What does the future hold with regard to further environmental damage?
With further environmental damage, the future holds total destruction to our planet.
What physical damage and environmental effects resulted in hurricane Katrina?
what physical damage and environmental effects resulted in hurrican katrina
What is one why some people are critical of globalization?
It leads to increased damage to the environment.
What is on reason why some people are critical of globalization?
It leads to increased damage to the environment.
What damage does logging trees impact?
Environmental damage is one of them, physical damage is the other.
What is the relationship between the profit motive and environmental damage?
Without stronger international institutions to make and enforce standard rules, international competition and the free movement of goods, capital, and people will continue to feed the problems raised by globalization. apex bxtches :) @you_CRAVE_gucci <3
What is the definition of environmental marketing?
environmental marketing is the marketing of products that are Eco friendly and do not damage the environment
What are five hazards of globalization?
The Hazards of Globalization: Economic Development - rapid changes and unequal economic power can lead to radically unequal development. Labor Rights - the mobility of investment and jobs can enable companies and countries to exploit workers. Environmental Problems - lack of world environmental standards can increase pollution and ecological damage. Human Rights - the profit motive can get companies to look the other way when governments violate human rights. Terrorism - cultural and political disruptions can spur on terrorists to attack the forces they feel are undermining their worl
What kind of protection do environmental insurance plans provide?
Environmental insurance protects (mainly) businesses against loss from breaking environmental regulations or causing environmental damage.
