Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Is it a positive or negative development?

Globalization is inevitable these days. The boundary of countries is disappearing so customers can easily purchase foreign produces in their own countries.

Although

this

trend could be detrimental to some local

brands'

Suggestion

brand

development especially

Accept comma addition

development, especially

in some developing countries, it can significantly help people to reduce their living costs and improve their life quality. In my opinion, the positive points of

this

surpass the negative aspects. The crucial beneficial factor of globalization is that consumers have more varied options to choose the most suitable item in the same market. Compared to domestic products, foreign goods can be more attractive and durable. A good illustration of

this

is that an investigation shows 80% of people tend to buy foreign products due to it costs less and has better quality. As can be seen,

this

tendency has a profound impact on the life quality of people.

However

, every coin has two sides. The main challenge of globalization is that some national companies can’t compete with foreign monopolies with advanced technology especially in some developing countries.

For example

, it has been found in a research that the majority of enterprises in Vietnam often struggle to survive in

this

severe competition due to insufficient revenues.

Therefore

, a significant number of local companies will disappear eventually To sum up, the trend of globalization

is currently increase

Suggestion

is currently increasing

has currently increased

is currently to increase

nowadays. While

this

can bring some challenges for the local brands, it can

also

bring additional advantages for the customer. I am

inclinedto

Suggestion

inclined to

believe that the overall benefits of

this

are superior.