【正确答案】There exist different views on the economic and cultural effects of globalization. Some people show resentment towards the rise of globalization due to its consequent plummeting income, exacerbated gap between the most rich and poor and increased level of poverty. Others show no worry about such hazards because of falling trade barriers brought about by globalization. On the other hand,globalization's cultural impact is another concern among some people with respect to the loss of local culture and language. Governments also part company in terms of the current trend of globalization with US advocating the wave and other countries rejecting it respectively because of their own cultural benefits and interests.