Explanation:
Globalization is affecting the world in the following ways:
- Globalization has changed the economy of the world by creating or opening various opportunities for the countries.
- Globalization has raised the standard of living and life quality.
- Globalization has boosted the technological advancement and development.
- Globalization stimulated the spread of information and technology worldwide and it has helped in the growth and development of countries.
- Globalization is also affecting the world in negative ways such as some of the negative outcomes of globalization are terrorism, instability of price, insecurity of job.
