Globalization and Its Impact on the Environment. Globalization has helped in the immense growth in international trade and finance. It has made countries to work more closely with each other and has led to several innovations in science and technology.However, it has contributed to environmental degradation as well. Let us try to know about globalization and its impact on the environment.t has made countries to work more closely with each other and has led to several innovations in science and technology. However, it has contributed to environmental degradation as well. Let us try to know about globalization and its impact on the environment.