It is unquestionable that many countries are facing the globalization which all nations are becoming more similar in term of their product and service. This trend was perceived by most people as a positive trend while I think that it causes more negative consequence of local business and young generation.
To begin with, advanced technology creates opportunity for businesses to easily produce and sell their products and services across different continents with less obstacle. Although there are some benefits in term of business expansion for multinational corporations, many local businesses are suffering from this globalization. For example, Japan, one of the most popular tourist destinations, used to generate revenue of more than 300 billion dollars per year from selling their product or service to foreigners during 2007 to 2012. However, in 2015, the entering of international large companies creates negative impact to the main source of income for local people by reducing the income of more than 30% of its past figure.
Another important issue that need to be considered is the negative influence and culture that brought by multinational companies. For instance, Franchise restaurants such as McDonald and KFC cause the trend of consuming unhealthy food for youngsters. Since the first emerge of fast food chains in China, the research from Warwick university revealed that young people experienced 25% more risk of being obesity and cardiovascular disease. This negative trend of consuming unhealthy food causes the health risk to young generation in many countries.
In conclusion, even though the globalization would have some merits that favour international companies to do business with less barrier, it also made local people to be more suffering from business risk and the young generation are experiencing more health risk than they used to.
It is unquestionable that
many
countries are facing the globalization which all nations are becoming more similar in term of their product and service. This
trend
was perceived
by most
people
as a
positive
trend
while I
think
that it causes more
negative
consequence of
local
business
and
young
generation.
To
begin
with, advanced technology creates opportunity for
businesses
to
easily
produce and sell their products and services across
different
continents with less obstacle. Although there are
some
benefits in term of
business
expansion for multinational corporations,
many
local
businesses
are suffering from this globalization.
For example
, Japan, one of the most popular tourist destinations,
used
to generate revenue of more than 300 billion dollars per year from selling their product or service to foreigners during 2007 to 2012.
However
, in 2015, the entering of international large
companies
creates
negative
impact to the main source of income for
local
people
by reducing the income of more than 30% of its past figure.
Another
important
issue that need to
be considered
is the
negative
influence and culture that brought by multinational
companies
.
For instance
, Franchise restaurants such as McDonald and KFC cause the
trend
of consuming unhealthy food for youngsters. Since the
first
emerge of
fast
food chains in China, the research from Warwick university revealed that
young
people
experienced 25% more
risk
of being obesity and cardiovascular disease. This
negative
trend
of consuming unhealthy food causes the health
risk
to
young
generation in
many
countries.
In conclusion
,
even though
the globalization would have
some
merits that
favour
international
companies
to do
business
with less barrier, it
also
made
local
people
to be more suffering from
business
risk
and the
young
generation are experiencing more health
risk
than they
used
to.