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