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

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

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Type your essay and get a band score instantly
Hundreds of algorithms will assess your writing according to 4 evaluation criteria. Writing9 helps you find the weak points of your essay and make it flawless.

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.

Read more in the eBook

The Ultimate Guide to Get a Target Band Score of 7+ »

* free ebook for Premium users

What to do next:
Look at other essays:
Check your IELTS essays
After you write your essay, you will be provided with tips with examples of how to make your essay better in order to get a score above 7.