Many feel that the positives of globalization justify ignoring the downsides. In my opinion, modest benefits should not overshadow legitimate threats. The most commonly cited advantages of globalization are economic. The argument here is that by allowing companies to operate across national borders, this is a boon to both consumers and national economies. For example, in the last several decades, many Asian countries such as Vietnam and China have allowed for foreign investment, thereby stimulating their economic growth. Individuals can enjoy a variety of products from around the world and the companies themselves contribute in the form of taxes and employment opportunities. However, many would caution that multinational companies are exploitive and have driven local businesses to bankruptcy. The overall impact for the average person is therefore uncertain. Globalization also creates apparent cultural advantages. Individuals from all around the world can experience the latest Hollyw

Many feel that the positives of globalization justify ignoring the downsides. In my opinion, modest benefits should not overshadow legitimate threats. The most commonly cited advantages of globalization are economic. The argument here is that by allowing companies to operate across national borders, this is a boon to both consumers and national economies. For example, in the last several decades, many Asian countries such as Vietnam and China have allowed for foreign investment, thereby stimulating their economic growth. Individuals can enjoy a variety of products from around the world and the companies themselves contribute in the form of taxes and employment opportunities. However, many would caution that multinational companies are exploitive and have driven local businesses to bankruptcy. The overall impact for the average person is therefore uncertain. Globalization also creates apparent cultural advantages. Individuals from all around the world can experience the latest Hollywood movies and listen to their favorite artists on applications like Spotify. This undoubtedly influences and encourages other entertainers to work hard and produce quality content. Nonetheless, it can foster a harmful homogeneity. The film industry is a prime example of this. The standard American structure for films and television shows is now copied globally and funded by powerful entertainment studios such as Netflix. These companies are almost exclusively interested in specific genres, most commonly crime and action. Over time, entertainment may become less unique and no longer showcase true diversity. In conclusion, the cultural and economic advantages of globalization have concomitant tradeoffs. It is therefore important for each nation to carefully manage and balance their relationship to global society