It has been said that the world is becoming a global village in which there are no boundaries to trade and communication. Do the benefits of globalization outweigh the drawbacks

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Globalization
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can eliminate the boundaries of interaction and trade that contributes to reduce barriers to communication and commerce;
However
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, The positive aspects of
globalization
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are more than negative aspects of it.
To begin
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with the prime advantages of
globalization
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lies in the fact that it reduces the barrier of export and import goods.
Therefore
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, developing countries do not need to pay tax to developed countries.
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furthermore
in addition
Furthermore
, international companies low to other countries exchange products and services and they can improve the country’s economy.
Secondly
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,
globalization
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increases different businesses all over the world and establish new job opportunities.
For instance
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, local businesses do not offer as a broad range of products as bigger businesses do.
Moreover
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, workers can find as easy as possible find a job
that is
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related to their skills with more salary.
As a result
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,
globalization
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decreases the gap between poor and rich.
For example
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, the developed countries
such
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as the USA employed people who have a profession, but do not have a job in their countries, so it helps many jobless people. According to negative results of
globalization
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. It can have a bad effect on environment of developing countries because rich countries use the natural resources of poor countries, so they damage environment of those countries.
For instance
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,
globalization
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can increase world carbon dioxide emission if the world burns its coal more quickly. Another disadvantage
that is
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currency fluctuation is a significant effect of
globalization
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.
For example
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international trad busy sells products using the USA dollar, so the price of the dollar fluctuates day to day in developing countries
this
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result in imbalanced economy and abnormal prices for goods and services. In conclusion, The advantages of the
globalization
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that effect on the countries’ economy can reduce barriers to communication and trade, so the benefits of the
globalization
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outweigh the disadvantages.
This
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trend generally has brought many positive results better than the drawbacks.
Submitted by melika4120 on

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Topic Vocabulary:
  • globalization
  • global village
  • boundaries
  • trade
  • communication
  • benefits
  • drawbacks
  • economic
  • improved
  • connectivity
  • cultural exchange
  • diversity
  • access
  • markets
  • technology
  • competition
  • innovation
  • negative impacts
  • income inequality
  • cultural identity
  • environmental degradation
  • exploitation
  • workers
  • developing countries
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