Even though Globalization affects the world’s economics in a very positive way, its negative sides should not be forgotten. Discuss.

Everything has tow sides in the

world

, and so has the process of

globalization

too. The effects of

globalization

on

Suggestion

of

the

world

economy are diverted. We must acknowledge that the negative effects are from a different kind than the positive ones.

Therefore

the negative sides, like low payment in less developed countries are important to considerate. If we take the Eurozone

for example

, the economic changes according to the

globalization

process are huge. Many companies have transferred their factories into cheaper production areas to compete in the

world

markets. The results are rising unemployment rates in the “old industrial countries”. In regard to the other countries on the

world

market,

such

as China,

this

job transfer is a big opportunity. But no one can deny that the consequences for the less developed countries where

economy

Suggestion

the economy

flourished, based on availability of cheap employees are highly important:

globalization

based on

this facts

Suggestion

these facts

this fact

brings environmental problems.

Nevertheless

, there are

also

passive reasons for

globlaistaional

effects. In general, it is remarkable that there is a new tendency in “Thinking Globally”.

For instance

, people are willing to learn more languages and get educated about other cultures. Countries formally known as undeveloped,

such

as India, are getting chances to be the main leader in a certain field. All in all it can be said that the effects of

globalization

are enormous. The understanding of economic processes has changed completely. It is important to think in bigger terms, not just about the own country. The positive things that

this

globalization

process have brought must sensible use for the negative sides. The all over aim should be a

world

in balance, but

this

has yet to come.