Describe one positive and one negative effect globalization on the modern world?

One positive effect of globalization in the modern world is having more efficient markets. That leads to increasing wages and taking on more investments. One negative effect of globalization in the modern world is excessive use of social media. The physical aspect of life will decrease. 

Globalisation

PROS
1. Prices get cheaper for the customers in the MEDCs
2. People in LEDCs get jobs and income
3. Any money companies make abroad, they can bring back and invest domestically

CONS
1. Rich get richer, poor get poorer
2. Work circumstances are terrible
3. It is very bad for nature and we are burning through fossil fuels at an alarming rate

Buddhism i