Nowadays, it is easy to find cherries from the USA or oranges imported from Southern India in Vietnamese supermarkets due to globalization. Some people argue that countries are becoming more similar as the result of the abilities in worldwide trade is a positive change while others support the opposite. In my opinion, globalization has both pros and cons. It promotes the world economy, but it also lead to the loss of local cultures.
First of all, the ability of trading goods around the world provides opportunities for companies, especially international ones, to extend their market, which contributes to the development of the world economy. In addition to their domestic trade activities, companies can sell their products via the Internet, for instance, Amazon, or export overseas. Moreover, due to the policies supporting globalization, it is easier for international companies to invest in other countries markets. As an example, in Vietnam, you can find plenty of Korean cosmetic brand stores such as The Face Shop, Innisfree, and so on in shopping malls.
However, globalization results in the loss of local cultures. When international corporations have access to the domestic market, it is more competitive for local companies or small trade to develop their activities because people are more attracted to novel international brand products. Therefore, these local traders may stop their activities with local goods, which leads to the loss of cultures. For instance, the opening of American fast-food brands such as KFC, Burger King in Vietnam is a threat to Vietnamese restaurants.
In conclusion, the development of globalization positively impacts on the growth of the world economy, but it might be a threat to local cultures. It is essential to enhance globalization and support local products at the same time.
Nowadays, it is easy to find cherries from the USA or oranges imported from Southern India in Vietnamese supermarkets due to globalization.
Some
people
argue that countries are becoming more similar as the result of the abilities in worldwide trade is a
positive
change
while others support the opposite. In my opinion, globalization has both pros and cons. It promotes the
world
economy,
but
it
also
lead
to the loss of
local
cultures.
First of all
, the ability of trading
goods
around the
world
provides opportunities for
companies
,
especially
international
ones, to extend their market, which contributes to the development of the
world
economy.
In addition
to their domestic trade activities,
companies
can sell their products via the Internet,
for instance
, Amazon, or export overseas.
Moreover
, due to the policies supporting globalization, it is easier for
international
companies
to invest in other countries markets. As an example, in Vietnam, you can find
plenty
of Korean cosmetic brand stores such as The Face Shop,
Innisfree
, and
so
on in shopping malls.
However
, globalization results in the loss of
local
cultures. When
international
corporations have access to the domestic market, it is more competitive for
local
companies
or
small
trade to develop their activities
because
people
are more attracted to novel
international
brand products.
Therefore
, these
local
traders may
stop
their activities with
local
goods
, which leads to the loss of cultures.
For instance
, the opening of American
fast
-food brands such as KFC, Burger King in Vietnam is a threat to Vietnamese restaurants.
In conclusion
, the development of globalization
positively
impacts on the growth of the
world
economy,
but
it might be a threat to
local
cultures. It is essential to enhance globalization and support
local
products at the same time.