Globalization is positive for economies, but its negative sides should not be ignored. To What extents do you agree or disagree?

There is no doubt that

globalization

has greatly enhanced people's quality of life.

However

, a growing number of opponents are arguing that It has many impacts which are significantly negative. I partially agree with

this

viewpoint and believe that

globalization

is a double-edged sword for the

economy

. There are many positive effects of a globalized market. First and foremost, It has introduced a variety of foreign commodities to the local stores. In

this

way, domestic manufacturers would have to create better products in order to compete.

For example

, Apple have been occupying a great share of the cell phone market in China over the

last

decade.

As a result

of vital competition, various Chinese tech companies have emerged. It is

also

worth highlighting that

globalization

has caused outsourcing which could lead to more job opportunities in underdeveloped nations.

Nevertheless

, there are valid reasons why people oppose the notion of a globalized

economy

. The major issue is that foreign commodities have made small business owners

hard

Correct word choice

apply

show examples

to strive

due to

the price war.

For instance

, If a person is choosing where to go for a hamburger, his first choice would likely be Mc'Donald's because It tends to be more affordable than family-owned restaurants. Another relevant point is that corporations like Mc'Donald's or Apple would take too much part of an

economy

,

hence

creating a monopoly.

And monopoly

Correct word choice

Monopoly

show examples

could be detrimental to society as It could manipulate policies through political lobbying.

To conclude

, when discussing

globalization

, It is crucial to remind people of its positive and negative effects on the

economy

. Governments should

also

properly use

this

tool after considering their domestic circumstances.