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Globalization has positive impact on economies.To what extent do you agree.

Globalization has positive impact on economies. BYpEj
World is becoming a global village, owing to which globalization is peeking up pace. Some people believe that it has positive impact on economy. I partially agree with this statement due to enhancement in international trade and drop in local business. Commencing with some of the points which impetes the economy of the country. First and foremost point is that i it enhances the trade worldwide by importing and exporting goods from other countries. However, it helps people to become familiar with international people owing to which there is enhancement in cultural harmony. Moreover, worldwide trade also increases GDP of the country as new innovations like mobile phones also helps people to improve their standard of livings. Apart from this, there are many industries which provide employment to many people as a consequency of which unemployment rate of the country drops. Nevertheless, one should not neglect the site of the fact that it threatens to the the local business, use of imported products decreased the demand of local goods. Furthermore, construction of zones leads to exploitation of natural resources which is detrimental for the environment. Sometimes, number of imported goods are more than the goods exported which results in disequillibrium in BOP. To recapitulate, in my opininion there are ample of advantages of globalization but threat to local market is the major concern as it would affect the lives of local businessmen and the country should import goods equal to the exports.
World is becoming a global village, owing to which globalization is peeking up pace.
Some
people
believe that it has
positive
impact on economy. I
partially
agree
with this statement due to enhancement in international trade and drop in
local
business. Commencing with
some of the
points which
impetes
the economy of the
country
.
First
and foremost point is that i it enhances the trade worldwide by importing and exporting
goods
from other
countries
.
However
, it
helps
people
to become familiar with international
people
owing to which there is enhancement in cultural harmony.
Moreover
, worldwide trade
also
increases GDP of the
country
as new innovations like mobile phones
also
helps
people
to
improve
their standard of livings. Apart from this, there are
many
industries which provide employment to
many
people
as a
consequency
of which unemployment rate of the
country
drops.
Nevertheless
, one should not neglect the site of the fact that it threatens to
the the
local
business,
use
of imported products decreased the demand of
local
goods
.
Furthermore
, construction of zones leads to exploitation of natural resources which is detrimental for the environment.
Sometimes
, number of imported
goods
are more than the
goods
exported which results in
disequillibrium
in BOP. To recapitulate, in my
opininion
there are ample of advantages of globalization
but
threat to
local
market is the major concern as it would affect the
lives
of
local
businessmen and the
country
should import
goods
equal to the exports.
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IELTS essay Globalization has positive impact on economies.

Essay
  American English
1 paragraphs
242 words
This writing has been penalized,
text can't be
less than 250 words in Task 2
and less than 150 words in Task 1
5.0
Overall Band Score
Coherence and Cohesion: 5.5
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Lexical Resource: 5.0
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  • Check your work for spelling and word formation mistakes
Grammatical Range: 6.0
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  • Check your writing for errors
Task Achievement: 5.0
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    Present relevant ideas
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