This process has effects on the environment, on culture, on political systems, on economic development and prosperity. Globalization has brought benefits in developed countries as well as negative effects.
-The positive effects include a number of factors which are education, trade, technology, competition, investments and capital flows, employment, culture and organization structure.
-The negative effects are jobs insecurity, fluctuation in prices, terrorism, fluctuation in currency, capital flows and so on.
I think it is impossible to return to on economy society that can get along without globalization because we are too used to the way we live.
