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.
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Topic Vocabulary:
  • globalization
  • diversity
  • homogenization
  • cultural assimilation
  • global connection
  • local businesses
  • economic impact
  • consumerism
  • standardization
  • westernization
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