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Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.
A typical - but restrictive - definition can be taken from the International Monetary Fund, which stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology. While that definition is more narrowly related to economic globalization; others utilize a broader conceptual framework, often emphasizing the interaction between diverse economic, ecological, political, cultural, and technological factors...
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Common topics in this essay:
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