Globalization Is Also Affecting the World's Environment

question 10

Essay

Globalization is also affecting the world's environment. What do scientists call our current historical era, marked by human influence on the planet? Identify three effects of human activity on the environment, and then choose one and discuss its consequences.

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Definitions:

Foreign Investors

Individuals or entities that invest capital in business ventures in a country other than their own, seeking to earn a return on their investment.

Full Employment GDP

The output level (Gross Domestic Product) achieved by an economy when all available resources are employed, but not beyond sustainable capacity.

Recessionary Gap

A situation where real GDP is less than potential GDP, indicating underutilized economic resources.

Social Security Surplus

The excess funds collected through Social Security taxes over the amounts paid out as benefits.