Globalization write a cause effect essay

In today’s modern society, globalization is an evident phenomenon that is happening extensively in all countries in the world. There are some reasons to justify this trend and it also triggers adverse impacts on society. The first justification, the economy of every nation is developing powerfully along with the growth of the global economy that leads to the development and emergence of economic-financial linkage organizations on the global scope. The second reason, more and more firms, and businesses have become multinational and have broadened their manufacturing facilities across the globe. These trends are contributing to extending the financial market among developed countries. The unfavorable effects of this trend are too serious to be neglected. To begin with, globalization has brought some positive advantages for nations. For example, it offers free trade which boosts global economic growth. This assists poor and developing countries to turn their economy around by creating more jobs and reportable products. Moreover, globalization has several dark sides which affect society and the economy. Putting under pressure from globalization, trade has become stricter and more competitive. It requires many countries to keep up with and incessantly upgrade their products to follow the development of the market. To conclude, reasons that trigger globalization in the world as a major vary, and this issue might bring several negative impacts on society.