Globalisation has been one of the most significant phenomena in the last few decades, and it has changed several aspects of human society both economically and socially. There has been remarkable progress in terms of economic and financial development for developing communities due to the expansion of global organizations. However, there are several drawbacks to this rapid progress that need to be addressed. Evidently, globalization has more advantages than disadvantages and the following paragraphs, will elaborate on the topic and justify these views.