Globalization has brought about more positive economic impacts than negative ones. To what extent do you agree with this statement?

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

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