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Globalization has brought about more positive economic impacts than negative ones. To what extent do you agree with this statement?

#globalization #impacts #ones
Over the
last
 century,
globalization
 has united many nations and countries, economically, culturally, politically and socially. While the
globalists
 see the need for the global integration as a cure to the economic prosperity of the
world
 and,
consequently
, its abiding
development
, others comprehend the concept of ‘global village’ as a menace to the
world
economy
. The following essay takes a look at both sides of the argument.
First
 and foremost,
globalization
 eases economic interaction between different countries and creates a conducive environment for the retrenchment of resources and stimulation of global progress. One of the examples is the SWIFT network, which enables financial institutions worldwide to exchange information on financial transactions in a fraction of a
second
 in a unified, secure and reliable environment.
Today more
Accept comma addition
Today, more
 than 11,000 financial institutions in more than 200 countries are linked to the SWIFT network, and they exchange an average of over 15 million messages every day. What is more,
globalization
, enhancing competition, stimulates
further
development
 of new technologies and its dissemination globally.
On the other hand
, the
globalization
 phenomenon, despite its positive aspects, has
also
 negative repercussion on the
economy
, particularly on the stability of the economies of developing countries.
Globalization
 exacerbates the inequity and instability of both national and
world
 economic
development
Suggestion
developments
.
This
, in turn, leads to the heightened tensions in the
world
, which increases investment and entrepreneurial risks and hinders the
development
 of the
world
economy
. The processes of
globalization
, for the most part,
aggravates
Suggestion
aggravate
 the technological gap between the developed and developing economies. In the context of
globalization
, the growth rate of the direct investment far exceeds that of the
world
economy
, which is a key factor in transnational companies establishing, which,
consequently
, has a great direct impact on the national economies. Since the process of
globalization
 in the modern
world
 is a trend of its
development
, fighting the consequences of it and stimulating
further
 positive
development
 factors are the matters of global concern.
Submitted by artemmveselov on

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Fully explain your ideas

To get an excellent score in the IELTS Task 2 writing section, one of the easiest and most effective tips is structuring your writing in the most solid format. A great argument essay structure may be divided to four paragraphs, in which comprises of four sentences (excluding the conclusion paragraph, which comprises of three sentences).

For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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