Globalization
is the state of sharing and exchanging goods, knowledge and economy between the whole world, Use synonyms
thus
connecting people from distinct regions and various cultures. In my opinion, despite all the positive impacts, it might have some drawbacks.
To commence with, Linking Words
globalization
provided an opportunity for companies to share their inventions, and countries to export their local products, Use synonyms
hence
developing their profits. In fact, the international earnings overweigh the national gainings, Linking Words
therefore
, corporations tend to invest internationally rather than locally. Linking Words
For instance
, Starbucks is the most known coffee shop, Linking Words
although
it serves coffee as thousands do, it expanded its shops all around the world and became popular among the community. Linking Words
Moreover
, Linking Words
globalization
allowed the spread of medical and scientific research, Use synonyms
as a result
, people living in developing countries can access the same level of medical treatment available in urban ones.
Linking Words
On the other hand
, the domination of international corporations on the small local ones resulted in detrimental effects, Linking Words
consequently
, thousands of workers lost their jobs and small businesses go bankrupt. Indeed, Linking Words
this
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 Linking Words
globalization
connected the world in all aspects Use synonyms
such
as education and the economy. Linking Words
Although
it resulted in rapid evolution and benefits, it resulted in some unpleasant consequences. Linking Words
Therefore
, countries should balance the benefits of Linking Words
globalization
and the ones of their citizens.Use synonyms