Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss.

Globalization is a

commonly

Suggestion

common

term used in the 20century. It is simply means that the world has become integrated economically, socially, politically and culturally through the advances of technology, transportation and communication. It is undeniable that the globalization has resulted in both positive and negative effects which must be addressed

accordingly

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.

To begin

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with, the globalization has contributed to the world’s economies in several beneficial ways. The

upgradation

Suggestion

in science and technology has allowed businesses, to easily cross over the territorial boundary lines.

Consequently

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, Some companies tend to become more productive and competitive, thereby raising the quality of goods, services and the world’s living standard.

Secondly

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, several companies from the developed nations have already ventured to establish foreign operations or branches to take the advantage of low cost labour in the poorer countries. These kind of business activities will provide growth in influx of cash or investment funds

into

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in

the less developed countries.

However

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, one cannot deny the negative effects which have derived from globalization. One crucial social aspect is the risk and danger of an epidemic disease which can easily be spread as the transportation become easier and faster in today’s advanced society.

This

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is evidenced in the recent

birds

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bird

flu disease, it infected most Asian countries over a short period of time. As the large corporations

inves

make an investment

invest

or take over many offshore businesses, a modern form of colonization will evolve which may form certain power pressure on the local governments of the less developed countries. Unemployment rates in the more developed regions. In Europe, the corporations choose to outsource to the cheaper work force from Asian countries. At the conclusion. I like to reiterate that

industrialzation

the development of industry on an extensive scale

industrialization

industrialisation

is inevitable and we must urge individuals, companies and governments

to use

Suggestion

use

balanced approach by using the appropriate steps to deal with matters relating to the financial or economic gains verses the social, political or ecological concerns of the world.