What role does Amazon Inc. play in stagnating globalization?

Amazon Inc. plays a significant role in stagnating globalization due to its dominance in the e-commerce sector. With its massive global reach and extensive logistical capabilities, Amazon has effectively created a platform that allows consumers to shop for a wide range of products from around the world. However, this has also led to a concentration of power and an unfair advantage for Amazon in the global market. Smaller businesses, especially in developing countries, often struggle to compete with Amazon's pricing and logistics infrastructure, resulting in a decrease in diversity and local economic growth. Furthermore, as Amazon becomes the go-to marketplace for many consumers, local retailers and industries are facing immense pressure, leading to a decline in their economic viability. Therefore, Amazon's role in monopolizing the e-commerce industry has contributed to the stagnation of globalization by stifling competition and hindering the progress and diversification of local markets.

This mind map was published on 9 November 2023 and has been viewed 57 times.