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

#merits #demerits #globalization #nations
With the advancement of technology, it is possible for all
countries
 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
 essay will discuss the advantages and disadvantages of globalization using a pragmatic approach.
To begin
 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
 because of low labour charges.
Moreover
, workers get good remuneration with more facilities.
In addition
to
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apply
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, Many multinational companies provide an opportunity to their employees to visit
countries
 for work
purpose
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purposes
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 and bear all expenses for settlement.
For example
, 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
 its branches in all cities.
Thus
,
economic
Correct article usage
the economic
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 growth of different nations will be developed with the help of globalization.
On the other hand
, 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
, which
have
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has
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 led to lesser jobs in developing
countries
.
In addition
, 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
, international students face racism.
For example
, a recent survey by California University found that over 30% of students from other
countries
 are bullied daily because of their
color
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colour
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.
Hence
, 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
.
However
, 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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