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

Nowadays, it is easy to find cherries from the USA or oranges imported from Southern India in Vietnamese supermarkets due to

globalization

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. Some people argue that countries are becoming more similar as the result of the abilities in worldwide trade is a positive change while others support the opposite. In my opinion,

globalization

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has both pros and cons. It promotes the

world

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economy, but it

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also lead

Suggestion

also leads

to the loss of local cultures.

First

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of all, the ability of trading goods around the

world

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provides opportunities for companies, especially international ones, to extend their market, which contributes to the development of the

world

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economy.

In addition

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to their domestic trade activities, companies can sell their products via the Internet,

for instance

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, Amazon, or export overseas.

Moreover

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, due to the policies supporting

globalization

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, it is easier for international companies to invest in other countries markets. As an example, in Vietnam, you can find plenty of Korean cosmetic brand stores

such

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as The Face Shop, Innisfree, and so on in shopping malls.

However

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,

globalization

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results in the loss of local cultures. When international corporations have access to the domestic market, it is more competitive for local companies or small trade to develop their activities because people are more attracted to novel international brand products.

Therefore

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, these local traders may stop their activities with local goods, which leads to the loss of cultures.

For instance

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, the opening of American fast-food brands

such

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as KFC, Burger King in Vietnam is a threat to Vietnamese restaurants. In conclusion, the development of

globalization

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positively impacts on the growth of the

world

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economy, but it might be a threat to local cultures. It is essential to enhance

globalization

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and support local products at the same time.