Immigration accounted for the increase in workers in the United States as it industrialized.

One of the negative effect of economic globalization is: increased global inequality.

One of the negative effect of economic globalization is: increased global inequality.

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Cons of globalization include:

Lack of local businesses. The policies permitting globalization tend to advantage companies that have the resources and infrastructure to operate their supply chains or distribution in many different countries, which can hedge out small local businesses—for instance, a local New York hamburger joint may struggle to compete with the prices of a multinational burger-making corporation.

One negative effect of economic globalisation is the increased in competition among industrie, companies and the service sector.