In the
article "The Double Edge of Globalization",
Chanda (2007) states that globalization brings about both benefits and adverse
effects, and combined international efforts by countries are required to
mitigate the negative effects.
Globalization drives the increase
in international trade, encouraging consumption. It also results in global
economic growth and advancements in technology and telecommunications, allowing
the world to be more closely connected. However, globalization also
brings adverse effects to the environment, which includes the
acceleration of increased logging, fishing, deforestation and pollution
worldwide.
Chanda
suggests that the active involvement and cooperation of all international key
players are crucial in reducing the negative environmental impacts. For
instance, the Kyoto Protocol has failed to cope with the environmental
challenge of globalization due to the participating nations' inconsistent
efforts to reduce greenhouse emissions. In addition, the top emitter, the
United States has refused to participate, minimising the success of the
protocol.
:)
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