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

Globalization

is the process by which

business

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businesses

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and other organisations develop international influence or start operating on

international

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an international

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scale. In

the

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recent years, we have noticed that

globalization

is having more benefic economic impacts rather than downsides which we will elaborate in the essay. In the present circumstances, around the world,

globalization

has brought many opportunities

such

as employment, capital mobility, technologies,

improvement

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and improvement

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of transportation.

For example

,

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McDonald

Mcdonald

McDonald's

MCDonald

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MCDonald's

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is an international brand which is operating across the world, it has not

only

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toonly

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create

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created

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employment but

also

the traditions and cultures of its country of origin are being shared among other countries.

Moreover

,

in

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on

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Mauritius island,

tram

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the tram

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is a recent project and evidently, Mauritius do

no

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not

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have competent engineers and specialists for

this

particular domain, undoubtedly, Mauritian authorities had to seek the services and expertise of international companies to initiate

this

project.

Thus

, the country is developing and having new opportunities which will improve

the

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transportation services.

Additionally

,

globalization

is helping many underdeveloped countries to grow in terms of people,

economically

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economics

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and maturity.

Consequently

, businesses that take advantage of

globalization

can complete work in regions where goods and services

is

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apply

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are more affordable.

This

can result in lower

cost

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costs

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and higher profits for the business. Obviously, people can have access to improved technology and innovation that was not available.One downside that people argue about

Globalization

is that it results in taking jobs from the native country in favour of countries with cheaper workforces.

Although

globalization

has certain drawbacks, I believe that the advantages are more significant and

therefore

globalization

should be encouraged to continue,

however

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,however

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the local authorities of each county should find solutions to alleviate these downsides

such

as unemployment.