Answer
All the above are effects of globalization.
Globalization affects my life both positively and negatively.
Positive effects
- I buy imported goods in stores.
- I communicate with people in other countries.
- I use websites from other countries.
- I shop at businesses owned by people from other countries.
Negative effects
- Job insecurity where people in developed countries lose jobs due to outsourcing.
- Fluctuation in prices: Due to increased competition favored by globalization, businesses are forced to lower their prices for them to fit the competition.
