Final Summary- The Double Edge of Globalization

Globalization has both positive and negative impacts on our society. It creates a positive effect on our economy by increasing trade between nations. On the other hand, globalization has also had negative impacts on our environment. The negative impacts include global warming which is caused by the greenhouse gases emission and deforestation which contributes to global warming. The study conducted by the World Bank shows that organizations prefer to move to nations where environmental laws are weak not because of having to pay lower taxes, but mainly because of the size of the local market. 

Despite the negative impact on the environment, globalization has helped to increase awareness and encourages multinational corporations to work together in protecting the environment. However, the United State, the dominant nation in the emission of greenhouse gases has declined to sign the Kyoto Protocol. Furthermore, the nations that have signed the Kyoto Protocol have been inconsistent in the reduction of greenhouse gases. On the other hand, the Montreal Protocol which focuses on protecting the ozone layer is an example of how an international treaty can lead to positive environmental changes. In conclusion, in order to minimize the impact of globalization, it requires cooperation among the leaders of the different nations to tackle such issues.

Reference:

Chanda, N. (2007). The Double Edge of Globalization. Retrieved from http://yaleglobal.yale.edu/content/double-edge-globalization