According to "The Double Edge of Globalization" (2007), Chanda says that globalization has increased international trading and consumer demands. In addition, it has helped to build connection globally and gave rise to advancement of technology.
In order to satisfy the consumer needs and make the best out of the demands, Multi-national companies ignored the importance of protecting the environment by practicing various methods which causes damage to the environment in order to increase productivity. One of the methods, deforestation is widely known to be employed to clear lands for crops at a higher efficiency however, its adverse effect on the environment is disregarded and resulted in many environmental issues such as climate change.
However, it is slightly encouraging to know that there are people around the world who wish to make a change to the situation and with the technology so advanced, they have raised awareness around the world and have put together Montreal and Kyoto protocols to help improve the situation. Some governing entities have hence signed for such protocols however, there are still some who are reluctant to do so. Companies were said to move to countries that have less stringent environmental regulations and therefore, governments play a huge role in deterring companies from using environmentally damaging practices.
In conclusion, globalization has improved efficiency, technology and inter-connectivity. However, governing entities should give their support to improve the environmental issues.
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