Globalization has integrated this world economically, politically, socially which in turn has brought tremendous benefits not only for the people but also for many countries. However, one cannot segregate the negative effects of globalization. Thus, I am going to express my views over this statement.
To begin with, globalization has brought unprecedented harmony and synchronization between countries which results manifold positive sides. Firstly, globalization has promoted business at a rapid pace, as a result people have got huge employment opportunities which has narrowed the backwardness of any country as well as improve the lifestyle of people. On top of that, It has also ensured healthy competition among companies which ultimately comes in the form of good quality of products with affordable price which is again a beneficial factor for people. For instance, It has been found that the economic rate of many developing countries such as India, South Africa, is growing swiftly on account of globalization.
However, every situation has two aspects, positive and negative, which is similar in this case. It is notable that globalization has also become a debatable issue owing to its myriad negative affects. Firstly, it has become a major reason for the downfall of many local businesses. Furthermore, people now prefer to work for multinational companies because they offer huge perks and salary, which is the major cause of brain-drain. Secondly, there seems threat on the culture and tradition of many countries due to the influence of westernization, which is erroneous for the development of any nation.
In conclusion, globalization has changed human' s lives dramatically, but one should always be meticulous about negative sides of it.
Globalization has integrated this world
economically
,
politically
,
socially
which in turn has brought tremendous benefits not
only
for the
people
but
also
for
many
countries
.
However
, one cannot segregate the
negative
effects of globalization.
Thus
, I am going to express my views over this statement.
To
begin
with, globalization has brought unprecedented harmony and synchronization between
countries
which results manifold
positive
sides.
Firstly
, globalization has promoted business at a rapid pace,
as a result
people
have
got
huge employment opportunities which has narrowed the backwardness of any
country
as well
as
improve
the lifestyle of
people
.
On top of that
, It has
also
ensured healthy competition among
companies
which
ultimately
comes
in the form of
good
quality of products with affordable price which is again a beneficial factor for
people
.
For instance
, It has
been found
that the economic rate of
many
developing
countries
such as India, South Africa, is growing
swiftly
on account of globalization.
However
, every situation has two aspects,
positive
and
negative
, which is similar
in this case
. It is notable that globalization has
also
become a debatable issue owing to its myriad
negative
affects.
Firstly
, it has become a major reason for the downfall of
many
local businesses.
Furthermore
,
people
now
prefer to work for multinational
companies
because
they offer huge perks and salary, which is the major cause of brain-drain.
Secondly
, there seems threat on the culture and tradition of
many
countries
due to the influence of
westernization
, which is erroneous for the development of any nation.
In conclusion
, globalization has
changed
human&
#039; s
lives
dramatically
,
but
one should always be meticulous about
negative
sides of it.