The disadvantages of globalization in the economic field

The disadvantages of globalization in the economic field
The decline in the role of the state in the exercise of its political, economic and social functions in favor of international organizations and multinational companies has resulted in many disadvantages in economic terms:
1. Limit the ability of national governments to direct or control international economic activities.
2. The remarkable rise of the control of international economic organizations in the imposition of international regimes.
3 - Free financial and economic groups take economic efficiency through multinational companies and their goal to exceed the borders of the interior and abroad and then beyond the economic sphere.
4. The World Trade Organization shall take care of commercial interests at the expense of development.
5. In the shadow of globalization, the guardianship system is an alternative to the welfare state.
6. In the shadow of globalization, the State will lose control over the national economic climate.
7. Under globalization, the State lacks the capacity to mobilize resources to enable it to fulfill its core function.
8. In the shadow of globalization, the State lacks the ability to perform its distribution function.
9. Globalization represents an opportunity for developed countries to make gains at the expense of developing countries.
 The mechanisms of economic globalization and its conventions promote the subordination of developing countries to developed countries.
11. Some argue that in the 1990s, facts proved that financial globalization for developing countries often led to costly financial crises and clashes.