Globalization makes new forms of consumption possible, but the effects of globalization on an individual’s lifestyle vary based on many factors including socioeconomic status. In what ways is globalization experienced differently by people from wealthy countries compared to people in developing countries? How are the producers of commodities like food or clothing affected differently by globalization than consumers? Anthropology

In wealthy or developed countries , Globalization brings reorganization at the international, national, and sub-national levels.

The restructuring of manufacturing, expansion of global commerce, and integration of financial systems are only a few examples.

Because the poor don't always benefit from trade, several research demonstrate that globalization has been linked to increased inequality.

The coffee industry serves as an illustration of this. Despite being the second-most traded commodity in the world, the majority of coffee producers only receive 10% of the final selling price.

Hence, in both countries globalization serves a different experience.

Producers of basic goods like food and clothes may be able to offer their goods on a worldwide scale, but they risk losing business to less expensive foreign rivals.

While this is happening, customers could enjoy more options and reduced prices, but they might also be exposed to fresh dangers and weaknesses.

Hence, Producers of commodities can be affected by globalization, while on the other hand, consumers are always benefited.

To know more on Globalization visit:

https://brainly.com/question/15283031

#SPJ1

Oceania is made up of island nations, many of which are very small and
isolated from one another. Which of the following words describes a cultural
trait that the cultures of Oceania share due to their isolation?
OA. Homogeneity
B. Lack of Development
C. Unity
D. Diversity