Some people believe that boundaries between countries become less evident each year due to the rapid development of globalisation. Although this trend has some drawbacks, I would agree that the benefits of globalisation outweigh the drawbacks.
One the one hand, I believe that globalisation has many positive impacts on our life. Firstly, by globalisation business become increasingly international. Multinational companies tend to do more business across the world. So, they can produce products in some place and trade it in another. For example, McDonald's company opened many branches on every street across the world. Secondly, the globalisation offers more job opportunities to people in developing countries and encourage investment in it. By this, they fight poverty and low socioeconomic status. Finally, free trade between countries could strength the political relationships between countries and this may result in more peace and long friendship between them. Because of the free trade policy, many developing countries are now exporting goods to developed countries and that in terms of revenue generating is a huge sector. For instance, many Asian third world countries are generating their lion share of foreign currency reservation by exporting readymade garments. This has been possible only because of the globalisation.
On the other hand, globalisation is not beneficial to everyone. One problem is that globalisation could lead to increase redundancy and job loss in developed countries. Companies can move to developing countries where labour is cheap. Also, this associated with poor working and low salaries in developing countries. Another drawback is that globalisation can lead to increase waste production and pollution. This affects the human health negatively.
In conclusion, I would argue that the benefits of globalisation outweigh the negative impact. Also, there should be globalisation regulation for the salaries and the working environment and the government should impose laws to protect the environment from pollution.
Some
people
believe that boundaries between
countries
become less evident each year due to the rapid development of
globalisation
. Although this trend has
some
drawbacks, I would
agree
that the benefits of
globalisation
outweigh the drawbacks.
One
the one hand, I believe that
globalisation
has
many
positive
impacts on our life.
Firstly
, by
globalisation
business become
increasingly
international. Multinational
companies
tend to do more business across the world.
So
, they can produce products in
some
place and trade it in another.
For example
, McDonald's
company
opened
many
branches on every street across the world.
Secondly
, the
globalisation
offers more job opportunities to
people
in
developing
countries
and encourage investment in it. By this, they fight poverty and low socioeconomic status.
Finally
, free trade between
countries
could strength the political relationships between
countries
and this may result in more peace and long friendship between them.
Because
of the free trade policy,
many
developing
countries
are
now
exporting
goods
to developed
countries
and that in terms of revenue generating is a huge sector.
For instance
,
many
Asian third world
countries
are generating their lion share of foreign currency reservation by exporting
readymade
garments. This has been possible
only
because
of the
globalisation
.
On the other hand
,
globalisation
is not beneficial to everyone. One problem is that
globalisation
could lead to increase redundancy and job loss in developed
countries
.
Companies
can
move
to
developing
countries
where
labour
is
cheap
.
Also
, this associated with poor working and low salaries in
developing
countries
. Another drawback is that
globalisation
can lead to increase waste production and pollution. This affects the human health
negatively
.
In conclusion
, I would argue that the benefits of
globalisation
outweigh the
negative
impact.
Also
, there should be
globalisation
regulation for the salaries and the working environment and the
government
should impose laws to protect the environment from pollution.