According to critics of globalization, the downside is due to increased international trade, and multinational corporations will increasingly shape government policy.
Globalization has been criticized for benefiting those already largely and in power at the expense of the indigenous peoples of endangered countries. Moreover, globalization is undemocratic because it is implemented top-down. There are four main aspects to globalization: Economy, Politics, Culture, Ecology.
In the context of the environment, critics of globalization argue that: Compliance with labor and environmental regulations significantly increases costs for manufacturing companies.
Another criticism of globalization is that it empowers multinational corporations at the expense of governments and citizens. This reduces national sovereignty and prevents citizens from holding their leaders accountable for the situation in their country.
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