What have been negative effects of globalization except what?

Negative effects of globalization include increased income inequality, as wealth becomes concentrated in certain regions and among specific populations, often leaving others behind. Additionally, it can lead to the erosion of local cultures and traditions as global brands and Western ideals dominate. Environmental degradation is another concern, as multinational corporations exploit Natural Resources in developing countries without adequate regulations. Lastly, job displacement occurs when local industries struggle to compete with cheaper foreign labor.