Globalization has brought about more positive economic impacts than negative ones. To what extent do you agree with this statement?

In today's world, globalization has a large impact on our society and on the economy. It is believed by some part of the population that

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development has brought more advantages than drawbacks.

Firstly

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,

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essay will discuss

benefits

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the benefits

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of foreign trade and,

secondly

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, it will analyse

increased

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the increased

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competition.

To begin

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with, on the one hand, globalization means that different regions can export their production to other areas and increase their gross domestic product since export is one of the components of GDP. The main reason for

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is that not only do some regions have a lack of

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specific food or resource but,

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, the price

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for products bought from abroad might be lower and more affordable.

Therefore

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, a country can increase exports by promoting

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high quality and reliability and

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, in turn, will

rise

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raise

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their GDP and stimulate economic growth.

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, recent research has shown that

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foreign trade has increased by 20% in comparison to the

last

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decade.

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,

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tendency is likely to

rise

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raise

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tension in the market since businesses will have to compete in order to keep their customers loyal to their brands.

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is due to the fact that if a firm has a lot of rivals that could take its clients, it will try to be more efficient in order to improve the quality of its goods or services or to lower the price

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.

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, not only will it stimulate firms to be more productive but

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it is likely to increase people's confidence and satisfaction from purchases.

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, economic analysts consider that a high

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of competition in the market is the main stimulator for businesses to improve and become more efficient. Eventually, to conclude, I agree with the claim that globalization has more benefits than disadvantages.

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is because of the fact that not only does it encourage trade between countries and continents but

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it increases the

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of competition between companies.