With the technological advancement, cultures and people are closer than ever before. Globalization is the result of the open flow of information, technology and goods among the countries and consumers. There are both pros and cons in
this
extension, which will be discussed in detail here.
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To begin
with, people can easily access other cultures just by sitting at their homes Linking Words
such
as foreign cuisines, clothing, movies and art is easily available nowadays. Linking Words
Furthermore
, it is benefited in the higher standards of living across the globe. Linking Words
For instance
developing nations are experiencing royal living due to the introduction of international brands into local shops. Another benefit is the recruitment of more employees. The local shops are Linking Words
also
rising in the number due to the broad spectrum in choosing the products which lead to the more employment. Production is increasingly specialised. Globalisation enables goods to be produced in different parts of the world. Linking Words
This
greater specialisation enables lower average costs and lower prices for consumers.
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On the contrary
, due to the introduction of international brands in the local market, the native culture is at the loss of its existence. Linking Words
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secondly
, not everyone can afford the international brands which sometimes bring the economic and social inequality among people. Suggestion
Secondly
Moreover
, the competition among shops are Linking Words
also
rising, which leads to the daunting threats Linking Words
such
as political risks, cultural risk and economic risks. Many people in Linking Words
third
world nations are still surviving through handmade product sales. Because of the foreign products, these handmade merchandises are losing their importance.
To conclude, the globalization is an unstoppable process, but people have to set some boundaries while selling and purchasing the international brands and globalization must not cost the sacrifice of indigenous traditions.Linking Words
Niki Mehta