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Most people accept that we now live in a globalised world but not everyone agrees this is beneficial. To what extent is globalisation a positive or negative development? Give reasons for your answers and include relevant examples from your knowledge or experience. v.3

Globalisation is a phenomenon that has affected almost all of us in one way or another. The implications of globalisation affect our day-to-day life. Like every phenomenon, globalisation too has its pros and cons. On the brighter side, globalisation has made movement of goods and services across the countries easier than ever before. It has benefitted trade and commerce and this in turn has lead to economic welfare of many. Increased prosperity and disposable income as well as direct international trade between individuals and organisations have lead to an increase in international tourism. As a result of it, knowledge and understanding of foreign cultures and languages has risen exponentially. The advancement in information technology (simply use the full form here, unless you wish to reuse the acronym later. ) has worked as a catalyst in propelling this trend even further. Globalisation has also presented itself as an opportunity to the corporate world. For instance, it has allowed multinationals to form and operate in a number of different markets and thus augment their profits. But the flip side of the coin is that albeit, globalisation has facilitated increased understanding of foreign cultures, it also has allowed dominant cultures to permeate original native cultures around the world. Influential (use synonyms and substitutions instead of reusing the same word) cultures have penetrated various local cultures worldwide in such a way that a lot of them are on the edge of becoming extinct or have mutated to a great extent. Besides, multinationals taking advantage of cheaper labour in emerging markets have contributed to a wide income gap between developed and developing nations. All the above points have lead me to the reasoning that although, globalisation has remarkably contributed in shaping the way we see our society today, it is not free from shortcomings.

Possible spelling mistake. ‘Globalisation’ is British English.Globalization
Globalisation
 is a phenomenon that has This phrase/word (depending on the context) can be potentially replaced with :impacted
affected
 almost all of us in one way or another. The implications of Possible spelling mistake. ‘globalisation’ is British English.globalization
globalisation
 affect our day-to-day life. Like every phenomenon, Possible spelling mistake. ‘globalisation’ is British English.globalization
globalisation
 too has its pros and cons.

On the brighter side, Possible spelling mistake. ‘globalisation’ is British English.globalization
globalisation
 has made movement of This phrase/word (depending on the context) can be potentially replaced with :productscommoditiesmerchandises
goods
 and services across the countries easier than ever This phrase/word is too simple and can be replaced with:previouslyprior to
before
. It has Possible spelling mistake found.benefited
benefitted
 trade and commerce and this in turn has lead to economic welfare of This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
. Increased prosperity and disposable income as well
 as direct international trade between individuals and Possible spelling mistake. ‘organisations’ is British English.organizations
organisations
 have lead to an increase in international tourism. As a result
 of it, knowledge and understanding of foreign You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
 and languages has risen exponentially
. The advancement in information technology (simply
This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 the full form here, unless you wish to reuse the acronym later. Don’t put a space before the closing parenthesis.)
)
 has worked as a catalyst in propelling this trend even further
. Possible spelling mistake. ‘Globalisation’ is British English.Globalization
Globalisation
 has also
 presented itself as an opportunity to the corporate world. For instance
, it has This phrase/word is too simple and can be replaced with:admissible
allowed
 multinationals to form and operate in a number of This phrase/word is too simple and can be replaced with:various
different
 markets and thus
 augment their profits.

This phrase/word is too simple and can be replaced with:on the contrary
But
 the flip side of the coin is that albeit, Possible spelling mistake. ‘globalisation’ is British English.globalization
globalisation
 has facilitated increased understanding of foreign You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
, it also
 has This phrase/word is too simple and can be replaced with:admissible
allowed
 dominant You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
 to permeate original native You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
 around the world. Influential (This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 synonyms and substitutions instead
 of reusing the same word) You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
 have penetrated various local You use this word too often, consider replacing it withfashionartabilitysciencepracticeexperience
cultures
 worldwide in such a way that This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
a lot of
 them are on the edge of becoming extinct or have mutated to a great extent. Besides
, multinationals taking advantage of cheaper Possible spelling mistake. ‘labour’ is British English.labor
labour
 in emerging markets have contributed to a wide income gap between developed and developing nations.

All the above points have Possible agreement error – use past participle here: “leaded”, “led”.leadedled
lead
 me to the reasoning that although, Possible spelling mistake. ‘globalisation’ is British English.globalization
globalisation
 has remarkably
 contributed in shaping the way we This phrase/word (depending on the context) can be potentially replaced with :witness
see
 our society This phrase/word (depending on the context) can be potentially replaced with :this day and agenowadays
today
, it is not free from shortcomings. 