Globalization has brought about more positive economic impacts than negative ones. To what extent do you agree with this statement?
In
this
contemporary epoch, it has been said that globalization
has been improved the interdependence of countries and inclined economies,although
it has some negative impacts on development.Some people believe that globalization
has more positive outcomes than ones negative. I disagree with this
notion and this
essay will enunciate advantages as well as disadvantages with appropriate examples.
To commence with, globalization
is a process that interacts and integrate with people without border limit in the world and this
trend can decrease the overrated products
through healthy competition.Globalization
has started in the 18th century and continue to improve economical value in each country.Firstly
, this
trend has been created counterparts worldwide and it has been made a competition between colossal companies
to improve the quality and design.Secondly
, the competition between different counterparts leads to a decrease in price range than before.For instance
, huge companies
such
as Nike and Adidas are making products
of the best quality,colour and design to attract customers as well as decline their counterparts business. People are ready to buy branded products
at a high cost because of their quality.
On the contrary
, it is an undeniable fact that globalization
has been made disadvantages also
. The new inferior brands like Redmi and oppo are lost hope in their business because of the tremendous growth of big brands such
as Samsung and Apple, they are trying to deter to copy their products
to other company companies
which may lead to negative impacts on inferior companies
.However
, globalization
is making some negatives on countries economies, it can incline the interconnection between countries and improve their trade.
In conclusion, I would like to reiterate the notion that globalization
has its positive and negative outcomes such
as this
trend has been made the world more flourished than damaged.In my ,perception I think that globalization
has more positive outcomes than negatives.Submitted by mariyatresavarghese on
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