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

It is an adage that each coin has two sides,
similarly
Add a comma
,similarly
show examples
globalization for
countries
that are still in the process of development has both positives and negatives.
This
essay will discuss both sides of globalization in the forthcoming paragraphs.
To begin
with, a positive aspect of internationalism is that, when a nation grants permission to establish its company branches in various
countries
, it creates numerous opportunities for employment,
such
as international companies like HSBC, Amazon and IBM have created a number of job vacancies and
also
gave
people
freedom
Add an article
the freedom
show examples
to work and earn in their own
countries
.
In addition
to
this
, when these firms engage in trade with other
nations
, they develop their market internationally, which in turn brings in foreign currency and elevates the economy of the developing
nations
. The cash flow of different currencies boosts the GDP which is a crucial factor for a nation to move towards development.
On the other hand
,
people
have adopted the other
nations
’ cultures and lifestyles, while ignoring their own values and traditions. It reflects in food, clothing and even living style. As a consequence, the traditional culture of
countries
is on the brink of extinction.
For instance
, in
countries
like India, traditional wear like salwar suits, saree, etc. is losing its essence because the females prefer to wear western clothes like jeans, short-dresses, etc.
Moreover
, when
people
commute to different
nations
for tourism, official meetings, and conferences, there are chances of spreading contagious diseases like swine flu, coronavirus etc.
such
as the recent pandemic of COVID19 which has spread to every nook and corner of the world because of transnational travel by different
people
. It can be concluded that transnationalism is beneficial to the proliferation of developing
nations
because it allows
people
to dwell, work and connect anywhere in the globe.
However
, the negative points of globalization
also
should be taken into consideration by individuals as well as governments of different
countries
.
Submitted by Manpreet Kaur on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

What to do next:
Look at other essays: