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

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With the advancement of technology, it is possible for all
countries
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to trade across the globe. It helps to maintain a friendly
relation
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relationship
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with other nations.
This
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essay will discuss the advantages and disadvantages of globalization using a pragmatic approach.
To begin
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with, trading is getting easy and people get many options
of
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for
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employment because new companies want to establish
business
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a business
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at
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in
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developing
countries
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because of low labour charges.
Moreover
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, workers get good remuneration with more facilities.
In addition
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to
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apply
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, Many multinational companies provide an opportunity to their employees to visit
countries
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for work
purpose
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purposes
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and bear all expenses for settlement.
For example
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, apple phone has
a
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apply
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demand all over the world and they opened
head
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a head
the head
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office and
further
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its branches in all cities.
Thus
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,
economic
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the economic
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growth of different nations will be developed with the help of globalization.
On the other hand
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, the major disadvantages are to set up a new plant
of
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apply
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manufacturing because
initial
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the initial
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cost is higher. It can lead to job insecurity. Globalism has led to firms outsourcing their jobs to developing
countries
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, which
have
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has
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led to lesser jobs in developing
countries
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.
In addition
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, it led to
fluctuation
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a fluctuation
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in
prices
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the prices
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of products.
Furthermore
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, international students face racism.
For example
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, a recent survey by California University found that over 30% of students from other
countries
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are bullied daily because of their
color
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colour
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.
Hence
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, international immigrants face difficulty to settle themselves in
different
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a different
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environment
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environments
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. To put
in
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it in
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a nutshell, it can be concluded that updated technologies and economic growth are major aspects of development for developing
countries
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.
However
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, many people faced
problem
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problems
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to adapt new surroundings.
Submitted by jasmeetkaur2016 on

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