Everything has tow sides in the world, and so has the prosses of globalization too. The effects of globalization on the world economy are diverted.
We must acknowledge that the negative effects are from a different kind than the positive ones. Therfor the negative sides, like low paiment in less developed countries are important to conciderate.
If we take the Eurozone for example, the economic changes according to the gloablisation process are huge. Many companies have transferred their factories into cheaper production earies to compeat in the world markes. The results are rising unemployment rates in the “old industrial countries”.
In regard to the other countries on the world market, such as China, this job transfer is a big opportunity. But no one can denie that the consequences for the less developed countries where economy flourished, based on availability of cheap employees are highly important: globalization based on this facts brings enviromantal problems.
Nevertheless, there are also posive reasons for globlaistaional effects. In general it is remarkable that there is a new tendency in “Thinking Global”. For instance, people are willing to leran more languages and get educated about othe cultures. Countries fromaly knowen as undeveloped, such as India, are getting chances to be the main leader in a certain field.
All in all it can be said that the effects of globalization are enormous. The unerstanding of economic processes has changed completely. It is important to think in bigger terms, not just about the owencountry. The positive things that this globalization process have brought must sensible us for the negative sides. The all over aim should be a world in balance, but this has yet to come. 
Everything has  
tow
 sides in the  
world
, and  
so
 has the  
prosses
 of globalization too. The effects of globalization on the  
world
 economy  
are diverted
.
We  
must
 acknowledge that the  
negative
 effects are from a  
different
 kind than the  
positive
 ones.  
Therfor
 the  
negative
 sides, like low  
paiment
 in less  
developed countries
 are  
important
 to  
conciderate
.
If we take the Eurozone  
for example
, the economic  
changes
 according to the  
gloablisation
 process are huge.  
Many
  companies
 have transferred their factories into cheaper production  
earies
 to  
compeat
 in the world  
markes
. The results are rising unemployment rates in the “ 
old
 industrial countries”.
In regard to the other countries on the  
world
 market, such as China, this job transfer is a  
big
 opportunity.  
But
 no one can  
denie
 that the consequences for the less  
developed countries
 where economy flourished, based on availability of  
cheap
 employees are  
highly
  important
: globalization based on  
this
 facts brings  
enviromantal
 problems. 
Nevertheless
, there are  
also
  posive
 reasons for  
globlaistaional
 effects. In  
general it
 is remarkable that there is a new tendency in “Thinking Global”.  
For instance
,  
people
 are willing to  
leran
 more languages and  
get
 educated about  
othe
 cultures. Countries  
fromaly
  knowen
 as undeveloped, such as India, are getting chances to be the main leader in a certain field.
All in all it can  
be said
 that the effects of globalization are enormous. The  
unerstanding
 of economic processes has  
changed
 completely. It is  
important
 to  
think
 in bigger terms, not  
just
 about the  
owencountry
. The  
positive
 things that this globalization process have brought  
must
 sensible us for the  
negative
 sides. The all over aim should be a  
world
 in balance,  
but
 this has  
yet
 to  
come
.