Even though globalization affects the world's economies in a very positive way, its negative side should not be forgotten. What is your view? Discuss. Give reasons for your answer and include any relevant examples from your own knowledge or experience

In the modern era, it goes without saying that

globalization

has left its footprint in almost every corner of the world and become a phenomenon

that is

worth large scale attention. There is a notion that

globalization

plays an increasingly beneficial role in the international economy.

Nevertheless

, on no account should any destructive sides of

this

occurrence be ignored.

This

essay would elaborate on the advantages as well as disadvantages of

globalization

regarding the economic field. On the one hand, it is undeniable that

globalization

has created a myriad number of chances for multi-countries co-operation. Thanks to cross-border collaboration, mutual trading would be operated at ease. Specifically, export and import activities are performed with less tax on goods.

For instance

, since the implementation of

open policy

Suggestion

the open policy

an open policy

, Vietnam has

established grounded

Accept comma addition

established, grounded

relationship with Australia in trading fresh fruit, which makes GDP in Vietnam soar and the living condition of citizens can be enhanced.

Besides

,

globalization

is of paramount importance in creating numerous employment opportunities. Obviously, these days the number of international groups has been

upsurged

a sudden forceful flow

upsurge

, which decreases

unemployment rate

Suggestion

the unemployment rate

drastically.

As a result

, no effort needed in solving the problem of jobless in any nation.

On the other hand

,

globalization

presents a threat to local companies. During the integration process, acclaimed worldwide brands may flood into the domestic market, which would endanger the

favor

promote over another

favour

of local ones.

Consequently

, those internal businesses are likely to encounter challenges in maintaining not only their reputation but

also

their sales. Not to mention that the abundance of exotic goods whose quality is not assured may influence their buyers adversely.

For example

, since its introduction in Vietnam, Nike and Addidas have been so prominent that

Bitis

to grip, cut off, or tear with or as if with the teeth or jaws

bites

bits

beats

- a Vietnam brand shoes - has just accounted for a small sector in the footwear market. To recapitulate, from my point of view, the benefits of

globalization

overweight its drawbacks.

However

, both advantageous effects and devastating consequences of

this

phenomenon should be globally taken into consideration.