What are the merits and demerits of globalisation on developing nations?

One of the most conspicuous trends of today's world is the colossal upsurge of

globalisation

on developing countries. There is a widespread worry that

this

will lead to a myriad of concerns in the world.

This

essay will discuss the advantages and disadvantages of

globalisation

using a pragmatic approach. To commence with, there are a plethora of pros having

globalisation

from which the most preponderant one is getting all updated technologies or technological devices imported from other countries

such

as mobile phones. Along with that

globalisation

will contribute to economic growth while providing more jobs to the people. According to the research conducted by Western Sydney University, more than 60 per cent of nations acknowledged the benefits showered by

globalisation

.

On the other hand

, the major disadvantages of implementing

globalisation

are unemployment because of latest machinery system. To explain, in the past hundreds of workers were getting work in large mills but nowadays, one machine is replacing at least 20 man's work, which will ultimately lead to unemployment.

Moreover

, people are more attracted to brands

instead

of using their own country's brand which creates a problem of more import rather than doing increment in exports.

For instance

, a survey conducted by the government of Australia reveals that the negative impacts of the globalization are considerable and should never be underestimated or ignored. To put in a nutshell, it can be concluded that updated technologies and economic growth are major aspects of

globalisation

for developing country's.

However

,

this

trend creates an issue of unemployment as well.