Article:

One of the largest problems with globalization is that it operates mainly in the interest of eco-

nomically developed countries that already control the global economy. Developing countries

often serve merely as resources for Western nations such as the United States and the United

Kingdom, offering cheap labor and raw materials. There is no certainty that a Western

corporation's presence in a developing country actually brings increased economic prosperity.

Often these companies send profits back to the countries in which they are based. Additionally,

these corporations' highly competitive prices can drive local companies out of business.

Globalization also contributes to a less diverse global culture, with many countries' unique

cultural traditions increasingly influenced by capitalist Western countries.

Globalization also has a major impact on the environment. Countries are consuming more

finite resources, such as oil, and many corporations cut costs by taking advantage of lax pollution

laws in developing countries.

SOURCE: https://www.reference.com/science/problems-globalization-55b1782c3ad8e1b0

Q#2. Friedman's book "The World is Flat" discusses 'The Ten Trends' that increase

interdependence - that, as of late, has caused global instability in accessing

food, critical materials, and components -- due to the global COVID-19 pandemic and

the Ukraine War hindering access, severely slowing the supply chain.

5. Outsourcing - India's seven Institutes of technology (ITT)

moving a function to another company, place

6. Offshoring - moving one's whole factory "offshore."

7. Supply Chaining - following and meeting consumer needs

by automation (flexible, consumer-driven supply)

How did the above term affect supply chains, and how are they hurt and helped by globalization?