Globalization is here to stay, driven by advances in information technology resulting in scientific development, global trade, the global distribution of labour etc. Despite all the significant progress globalization has added to our lives it has some disadvantages as well.
One main advantage of globalization is the global distribution of labour. It is really easy nowadays to move to other countries as an ex-pat to find a job, it leads to better prospect opportunities for Individuals. One significant effect of globalization is that Industrial resources have moved from developed countries to developing countries. Indeed travelling to other countries is relatively breezy if we compare this to the past. It provides an opportunity for people to meet other people around the world and understand their culture.
Along with all the positive effects of globalization, it has various detrimental effects on our earth and lives. Industrial resources and machinery in developing countries are a substantial source of pollution. It gives rise to global warming as well. But somehow these countries bear these issues because they need to accelerate their economy and boost the job sector. Another effect of globalization is the financial crisis across the globe. When a financial crisis arises in one country it affects the economies of the whole world. Just like recently, the financial crisis started in the USA and then it disturbed all of the countries. One more major drawback of globalization is that when a virus emerges in one area but because every part of the world is connected it rapidly spread across the globe just like coronavirus.
In conclusion, globalization is a double edge sword with tons of advantages and with several disadvantages as well. However, our earth continues to shrink as technology expands and we need to accept globalization as a fact in 21 century.
Globalization is here to stay, driven by advances in information technology resulting in scientific development,
global
trade, the
global
distribution of
labour
etc. Despite all the significant progress globalization has
added
to our
lives
it has
some
disadvantages
as well
.
One main advantage of globalization is the
global
distribution of
labour
. It is
really
easy nowadays to
move
to other
countries
as an ex-pat to find a job, it leads to better prospect opportunities for Individuals. One significant
effect
of globalization is that Industrial resources have
moved
from developed
countries
to developing
countries
.
Indeed
travelling to other
countries
is
relatively
breezy if we compare this to the past. It provides an opportunity for
people
to
meet
other
people
around the world and understand their culture.
Along with all the
positive
effects of globalization, it has various detrimental effects on our earth and
lives
. Industrial resources and machinery in developing
countries
are a substantial source of pollution. It gives rise to
global
warming
as well
.
But
somehow these
countries
bear these issues
because
they need to accelerate their economy and boost the job sector. Another
effect
of globalization is the financial crisis across the globe.
When
a financial crisis arises in one
country
it affects the economies of the whole world.
Just
like recently, the financial crisis
started
in the USA and then it disturbed
all of the
countries
. One more major drawback of globalization is that when a virus emerges in one area
but
because
every part of the world
is connected
it
rapidly
spread across the globe
just
like coronavirus.
In conclusion
, globalization is a double edge sword with tons of advantages and with several disadvantages
as well
.
However
, our earth continues to shrink as technology
expands and
we need to accept globalization as a fact in
21 century
.