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 world and on the economy. It is believed by some part of the population that

this

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development has brought more advantages

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that drawback

those drawbacks

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that

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than

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drawbacks.

Firstly

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,

this

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essay will discuss

a

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the

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benefit of foreign trade and,

secondly

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, it will analyse

increased

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the increased

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competition.

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with, on the one hand, globalization means that different regions can export their production to other areas and

increase

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their GDP since exports

is

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are

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one of its components. The main reason for

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is that not only have some regions a lack of

a

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apply

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specific food or resource but,

furthermore

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, the price

level

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

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, a country can

increase

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exports by promoting

a

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apply

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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

the

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apply

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foreign trade has

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increase

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increased

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by 20% in comparison to the

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decade.

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,

this

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tendency is likely to

increase

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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 the firm has a lot of rivals that could take their clients they will try to be more efficient in order to improve the quality of their goods or services or to lower the price

level

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.

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

also

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it is likely to

increase

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people's confidence and satisfaction from purchases.

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, economic analysts consider that a high

level

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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

also

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it increases the

level

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of competition between companies.