7.4.3 Globalisation linkages and impact

 


7.4.3 Globalisation linkages and impact

Impact of globalisation on climate change

  • International supply chains increase energy and transport impacts
  • Reduced production costs increase waste and consumerism fuelling carbon emissions
  • environmental impacts displaced to less developed countries


Impact of globalisation on poverty

  • Social, legal and environmental safeguards often lower in less developed countries
  • Offers economic opportunities especially in natural resources and agriculture, tourism, manufacturing and fair trade goods
  • less developed countries (LDCs) economies vulnerable to capital flight and brain drain, trade rules disadvantage LDCs and undermine national sovereignty


Impact of globalisation on engineering

  • Growth in LDC markets especially in utilities, infrastructure and extractive industries
  • International supply chains promote technology transfer and standardised systems
  • Growth in labour mobility, access to knowledge