Summary - The Double Edge of Globalization

Globalization has led to an increase in trading across the globe; however, it also results in the depletion of natural resources, as well as, environmental issues.  There is no concrete evidence to show that the investment of transnational companies in countries where law enforcement are ineffective brings about environmental issues; nevertheless, it is undeniable that logging and deforestation contributed to one-fifth of worldwide carbon emissions. In the closely connected world today, China’s combustion of fossil fuels, and excessive use of chemicals not only pollutes its own soil, water and air; these pollutants causes worldwide problems when they are being soaked up in the air, causing acid rain globally. Moreover, globalization gives rise to global warming, which leads to the reduction of global economy to one-fifth of its current size, as well as creates damages that are comparable to those of the World Wars and the Great Depression. Although nations are reducing the destruction towards deforestation, and efforts are being made to increase public consciousness; USA’s refusal to sign the Kyoto Protocol shows that reluctance and a lack of obligation is the main factors as to why globalization is a constant threat in the modern world.