Even though globalization affects the world’s economies in a positive way, its negative side should not be forgotten. Discuss.

Ambivalent opinions exist among people in relation to how

globalization

acts on the economies of the world. Under those circumstances, some argue that it is evident that

globalization

has brought sizeable economic growth and extra-large

employment

opportunities all over the map, particularly in developing

countries

.

Although

this

may be true, there are criticisms raised to remind people of the negative impacts that are caused by

globalization

. The essay below will present

this

issue plainly. There is no denying that the economy and

employment

have been thriving in some developing nations for the

last

35 years since

globalization

first

formed its concept. Specially

such

as India, China and South Africa, which had at least one skirmish and many struggles with economic development, are largely affected when most monster international corporations move to these

countries

when tax rates are lower and labour rates are no exception.

This

particular wave has to turn out enormous new businesses in underdeveloped

countries

. For that reason, both economics and

employment

have been boosted significantly by

globalization

. Be that as it may, some economists and sociologists trust that

globalization

has not created a position of

employment

globally; rather, it simply shifted

employment

chances from developed

countries

to developing

countries

. As an effect, when China is anticipating high job growth, the USA, oppositely, is suffering from a high unemployment rate.

Also

, many support the view that

globalization

inspires dependency on other nations so that if one nation’s economy collapses, it is very likely that others will be damaged as well. The 2008 global economic crisis had extremely demonstrated how

this

dependent relationship worked negativity among nations during the catastrophe. By and large,

globalization

plays a central role in boosting economic and

employment

developments forward in developing

countries

.

Then

again, evidence has proved that it has adverse effects on industrialized

countries

in terms of economic and labour market growth.

Additionally

, the detrimental dependence among

countries

is another apprehension in relation to

globalization

.