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

Globalization

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is the state of sharing and exchanging goods, knowledge and economy between the whole world,

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connecting people from distinct regions and various cultures. In my opinion, despite all the positive impacts, it might have some drawbacks. To commence with,

globalization

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provided an opportunity for companies to share their inventions, and countries to export their local products,

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developing their profits. In fact, the international earnings overweigh the national gainings,

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, corporations tend to invest internationally rather than locally.

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, Starbucks is the most known coffee shop,

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it serves coffee as thousands do, it expanded its shops all around the world and became popular among the community.

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,

globalization

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allowed the spread of medical and scientific research,

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, people living in developing countries can access the same level of medical treatment available in urban ones.

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, the domination of international corporations on the small local ones resulted in detrimental effects,

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, thousands of workers lost their jobs and small businesses go bankrupt. Indeed,

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might lead to the deterioration of the local economy and increases the unemployment rate among the population. To illustrate, recent research showed that 20% of the local companies are shutting down yearly due to their massive losses. To sum up, it is known that

globalization

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connected the world in all aspects

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as education and the economy.

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it resulted in rapid evolution and benefits, it resulted in some unpleasant consequences.

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, countries should balance the benefits of

globalization

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and the ones of their citizens.