What are the merits and demerits of globalization on developing nations?
Globalization breached the barriers between nations and bought the entire world onto a single platform.
Although
it has got many benefits, Linking Words
third
world countries face their own shortcomings owing to Linking Words
this
. In Linking Words
this
essay, Linking Words
firstly
, I will elaborate on merits and Linking Words
secondly
, demerits due to Linking Words
this
change.
Linking Words
To begin
with, Linking Words
availability
of employment opportunities to the youth and skilled professionals in the developing states skyrocketed due to the fact that, it urged the industrialised nations to attract multifaceted foreign nationals with a repertoire of skills. Correct article usage
the availability
This
in turn improved the standard of living of people in the impoverished areas and Linking Words
further
contributed to the development of Linking Words
service
sector, which massively improved Correct article usage
the service
country's
revenue and fueled the progress. Correct article usage
the country's
For instance
, the non-resident Indians have been contributing enormously to the Indian economy by transferring funds to the motherland, which Linking Words
consequently
is succouring to raise the purchasing power of the local people. Linking Words
Thus
, globalisation indirectly is beneficial to industrialising territories in Linking Words
this
aspect.
Linking Words
In contrast
, brain drain is one of the major perplexities of Linking Words
this
. It is because of the high salaries offered by industrialised superpowers, experts leave their native place, Linking Words
this
expatriation renders the weaker nations vulnerable by decreasing their productivity and economic activity. Linking Words
For example
, numerous software engineers and doctors migrated to the USA in view of greater income and Linking Words
this
led to precious talent emigration. Linking Words
Hence
, brain drain has a huge negative impact on the emerging unions.
To conclude, though it has got certain predicaments, the advantages outweigh them. Linking Words
Therefore
, it is definitely a boom for people in underdeveloped territories.Linking Words
Submitted by aluriganesh515 on
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