Globalization is a comparatively newer trend and it has brought countless benefits to our modern life. The brighter side of globalization reduces the disparity and distance between countries around the world whereas the darker side also needs assessment carefully.
Obviously, with the impact of globalization trade and travel around the world have become easier, comfortable and easily accessible. Air route travel is now affordable to common people within a fraction of hours people can reach their destiny. Branded International products are available to all countries, for instance, people can buy Mac Donald's products from their own local market. Trade and industry have dramatically developed and created gigantic job vacancies. The relationship between the nations has improved and nations can now easily maintain a friendly relationship with other. Thus the economic disparity between the nations has been narrowed with the advantages of globalization.
On the other hand, it is argued that the wealthier countries are becoming wealthier due to the advantages they are getting from globalization. They can begin their roots in developing or underdeveloped countries and utilise the natural raw materials from there and become more and more affluent. Coca-Cola Company in India is the greatest illustration to this. With the impact of globalization more and more new products are being available in market and people have choices. As a result, there is a greater competition in the market. Consequently, local trades might not survive in long run and this has negative consequences on many local businesses. Brain drain seems to have become a common policy and phenomenon observed throughout the all developing countries. The local traditions and cultures are in jeopardy due to the enormous influence of world media and TV channels.
Putting everything into consideration, although there are many cones of globalization, I believe that the pros are more prominent and obvious. It is a welcoming trend due to the advantages it offers. As long the international bonding is strong, it is a positive trend and the chances of conflict between the nations have declined which would present a better world to the upcoming generations.
Globalization is a
comparatively
newer trend and it has brought countless benefits to our modern life. The brighter side of globalization
reduces
the disparity and distance between
countries
around the
world
whereas the darker side
also
needs assessment
carefully
.
Obviously
, with the impact of globalization trade and travel around the
world
have become easier, comfortable and
easily
accessible. Air route travel is
now
affordable to common
people
within a fraction of hours
people
can reach their destiny. Branded International products are available to all
countries
,
for instance
,
people
can
buy
Mac Donald's products from their
own
local
market. Trade and industry have
dramatically
developed and created gigantic job vacancies. The relationship between the
nations
has
improved
and
nations
can
now
easily
maintain a friendly relationship with other.
Thus
the economic disparity between the
nations
has
been narrowed
with the advantages of globalization.
On the other hand
, it
is argued
that the wealthier
countries
are becoming wealthier due to the advantages they are getting from globalization. They can
begin
their roots in developing or underdeveloped
countries
and
utilise
the natural raw materials from there and become more and more affluent. Coca-Cola
Company
in India is the greatest illustration to this. With the impact of globalization more and more new products are being available in market and
people
have choices.
As a result
, there is a greater competition in the market.
Consequently
,
local
trades might not survive in long run and this has
negative
consequences on
many
local
businesses. Brain drain seems to have become a common policy and phenomenon observed throughout the all developing
countries
. The
local
traditions and cultures are in jeopardy due to the enormous influence of
world
media and TV channels.
Putting everything into consideration, although there are
many
cones of globalization, I believe that the pros are more prominent and obvious. It is a welcoming trend due to the advantages it offers. As long the international bonding is strong, it is a
positive
trend and the chances of conflict between the
nations
have declined which would present a better
world
to the upcoming generations.