What has Globalization of world trade caused problems?

Globalization of world trade has led to various problems, including job displacement in developed countries as companies move production to regions with cheaper labor. It has also exacerbated income inequality both within and between nations, as the benefits of trade often concentrate among wealthier individuals and corporations. Additionally, globalization can undermine local cultures and industries, leading to homogenization and loss of heritage. Environmental concerns have also arisen, as increased trade contributes to higher carbon emissions and resource depletion.