"The negative side to globalization is that it wipes out entire economic systems and in doing so wipes out the accompanying culture"
- Peter L. Berger
About this Quote
This quote by Peter L. Berger speaks with the possible downside of globalization. Globalization is the process of increased interconnectedness in between countries and cultures, often through trade and innovation. While globalization can bring numerous advantages, it can also have an unfavorable impact. In specific, globalization can cause the destruction of entire financial systems, which can in turn result in the destruction of the accompanying culture. This can be seen in the displacement of regional services and industries due to the influx of foreign competition, or in the loss of conventional cultural practices due to the spread of foreign concepts and worths. Eventually, globalization can be a double-edged sword, bringing both favorable and negative impacts.
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