1. ABSTRACTIt is debated that sustainable development has not worked well within the globalist environment and continues to seem unpromising for our future. If there is not some sort of new outside of the box idea followed by drastic action which takes place, this society faces grave environmental dangers as every new year comes. This essay will critically assess the statement mentioned above and will go in depth to try to explain how negative impacts can be stopped and this essay will put forth ideas regarding how capitalism and environmentalism can reconcile.
2. INTRODUCTION2.1. BackgroundGlobalization is a concern today as it is attributed to massive social problems in developing nations. The deterioration of the environment i.e. the destruction of the rain forests, oceans, rivers, and lakes is directly related to overwriting and non-regulation of local environmental laws by corporations in developing countries. Also within the global society, economic inequality, especially poverty and exploitation of underdeveloped nations, are major social problems due to developed policies between international economic institutions of the International Monetary Fund and the Word Bank, international corporations, and national governments.
These policies can be so harmful to economies that they contribute to horrors such as world hunger, disease, and human trafficking to name a few. Government intervention by regulation, taxation, and redistributing wealth then distorts natural laws of supply and demand. Some economies may suffer disadvantaged at first, but society is better off when the free market is allowed to control itself.
2.2. Purpose of the ReportThis report is aimed to give in detaied undertandign of what does globalization it, how it developed and what negative impacts on human life. While there are many positive aspects of globalization, its negative effects are 'overwhelming' and 'far reaching'. In fact the effects of the same behave like slow poison...