What are some of the negatives associated with globalisation?
A lack of regulation and internationally enforced rules and laws means that transnational corporations (TNCs) may adopt questionable practices in less economically developed countries (LEDCs). Thriving industries in LEDSc may threaten jobs in certain sectors, such as textiles, in more economically developed countries (MEDCs) as companies opt for cheaper overseas labour. Globalisation disproportionately benefits MEDCs while LEDCs may be exploited for labour and resources.
