n Conclusion there are evidently positive and negative consequences
of globalization. These effects are either direct results of
globalization or indirect results caused by factors linked to
globalization. Throughout this essay I have stated many of the major
effects globalization has caused to our world system. Many of these
effects have been around since the beginning of globalization however
some are more recent issues such as the internet and terrorism. It is
clear that globalization has had many positive effects to world
markets. Globalization has helped open up new trade areas where LEDC's
can benefit from a range of beneficial outcomes such as new employment
opportunities and greater economic development. As stated previously
not all countries have benefited from the spread of globalization and
in fact many countries have been exploited. In order to sustain
globalization and to limit negative outcomes MNC's need to be
regulated to stop further exploitation. If globalization continues to
aid the flourishment of global capitalism a sense of social
responsibility needs to develop along side it. As our awareness or
access to knowledge grows we must take responsibility for our actions.
Failure to do so means we will live in a continually polarized world
where the gap between the rich and poor continues to cause global
atrocities and growing instability such as global terrorism that we
are witnessing now.