Please give me a brief conclusion of my project, about 200 words; topic: Discuss The Pro and Pro of Globalization.

My project outline:
1.What is globalization
2.Chat GPT pro and cons
3.Our conclusion

The project content:
What is globalization:

It is the process of international integration. According to MacKinnon, Barbara and Fiala (2017), “Globalization can be defined as a historical process that includes the growing interconnection of local and national economies from all over the world, which occurs as capital, goods, services, labor, technology, ideas and expertise move across international borders”.
2.Including worldview, product concept and culture.
3.Rise due to the development of telecommunication.
4.Massive globalization began in the 19th century.

Pro of Globalization (Economic):
1.Economic Growth: Globalization can contribute to economic growth by promoting international trade and investment, creating jobs, lowering prices of products for consumers. It can also provide a chance to develop economically by spreading prosperity for the poor or the third countries. For example, countries like China and India have experienced significant economic growth and poverty reduction due to their integration into the global economy.
2.Access to New Market: Businesses can reach a wider customer base and explore new markets around the world.
3.Efficiency and Productivity: Countries can focus on producing goods and services in which they have a comparative advantage.

Pro of Globalization (Culture):
1.Culture Exchange: Globalization facilitates exchange and mutual understanding among various cultures.
 2. Diversity and Richness: Globalization allows elements of different cultures to be disseminated and shared on a global scale.

Example: Disneyland (Cultural):
1.Cultural Exchange and Tourism: Disneyland is a prime example of how globalization has facilitated cultural exchange and boosted tourism.
2.With multiple locations around the world, including in the United States, Europe, and Asia, Disneyland attracts visitors from diverse cultural backgrounds. It provides a platform for people to experience and appreciate different cultures, as each Disneyland park incorporates local cultural elements while maintaining the core Disney brand.
3.For example Disney provides Cultural Representative Program (CRP) and Culture Exhange Program (CEP) for individuals from different countries to work and experience cultural exchange at Disney theme parks and resorts. Participants are hired to represent their home countries, sharing their culture, traditions, and customs with guests and fellow employees. They typically work in roles such as merchandise, attractions, food service, or entertainment, while also providing a cultural perspective unique to their country.
4.This cultural exchange promotes understanding, appreciation, and tolerance among different cultures, fostering global harmony and facilitating multiculturalism.

Cons of Globalization (Economic):
1.Increased inequality and income disparity: Globalization can exacerbate income inequality, with benefits often concentrated in certain regions or among certain groups. While some countries experience economic growth, others may face marginalization and economic disparities. For example, developed countries outsourcing manufacturing to developing countries may lead to job losses in the former and exploitation of cheap labor in the latter.
2.Financial Crisis Transmission: Due to the globalization of the financial system, a financial crisis in one country may rapidly spread to others.

Example Cons of Globalization (Economic) : Financial crisis of 2007–2008:
1.It was a severe worldwide economic crisis.
2.Originated in the United States.
3.The crisis was triggered by the bursting of the United States housing bubble.
4.Through complex financial instruments and globalized banking systems meant that problems in one part of the world could quickly spread to others.

Cons of Globalization (Cultural):
1.Cultural Homogenization: Global cultural elements dominate local traditional cultures, resulting in a reduction of diversity.
2.Cultural Erosion: Indigenous traditions might lose appeal and be replaced by globalized popular culture.

Example: Mcdonald’s (Cultural)
1.Cultural Homogenization: McDonald's has a standardized menu, design, and customer experience across its outlets worldwide. This uniformity can lead to the homogenization of culture, as local cuisines and traditional food establishments may be overshadowed by the global presence of McDonald's. The proliferation of fast-food chains like McDonald's can result in a loss of cultural diversity and the dilution of local culinary traditions.
2.Influence on Dietary Patterns and Health: McDonald's and similar fast-food chains are often associated with unhealthy dietary choices. The introduction of fast food into new markets can contribute to changes in dietary patterns, leading to increased consumption of processed foods, high-calorie meals, and sugary beverages. This shift towards unhealthy eating habits can have negative consequences for public health, including an increased prevalence of diet-related diseases such as obesity and diabetes.

Cons of globalization (Environmental):
Environmental impact: Globalization can contribute to environmental degradation and the exploitation of natural resources. Increased trade and transportation result in higher carbon emissions and ecological footprints. For instance, the demand for palm oil has led to deforestation in Southeast Asia, affecting biodiversity, leading to soil erosion and disruption of ecosystems, contributing to climate change.

Example: Starbucks (Economic & Environmental)
Economic Justice: According to Paul and Cummins (2014), it showed that Starbucks has engaged in unfair trade between the coffee farmers. Since its own global impact report revealed that, only 8.4% of Starbucks’ coffee were recognized as fair trade. Although it has created its own fair-trade standard called CAFE (Coffee and Farmer Equity Practices), it only applied to large-scale coffee farms, aiming to compete with small-scale farms. Starbucks’ CAFÉ standards concentrate on the farm level but not on their own promise to farmers. The CAFÉ program standards do not provide either the lowest price, a standard price or a negotiating price that can maintain a fair price for small farmers. This will cause many small farmers lose their jobs and suffering from poverty.

Environmental ethics: Starbucks is damaging the environment, especially the rainforest. Although it already made promise that 99% of its coffee beans is going to be ethically sourced, another component--- palm oil, according to the investigation from SumOfUs, a global community of consumers, showed that Starbucks still obtaining palm oil and this seriously led to deforestation.
Endangered species like tigers and orangutans will lose their habitats (rainforest), this accelerates their extinction (McAdam, 2015). Besides, Starbucks claimed that “all its products that contain palm oil will be 100 per cent certified by the industry group Roundtable for Sustainable Palm Oil (RSPO)”. However, SumOfUs found that even RSPO cannot guarantee that the certified palm oil will not be contaminated by deforestation.