what is globalization. Elicit the advantages and disadvantages of globalization
In today's
world
, globalization is a world
phenomenon and transformation into a unified system that affects all aspects of people's lives.It has also
a crucial impact on the economy and businesses by providing enormous opportunities for development.In this
essay , I will discuss both benefits and drawbacks of this
process.
On one hand, the most significant positive effect of it is that it includes global economic growth which can erase barriers between nations across the world
.For example
, the exchange of means can be illustrated as culture, traditions, religious culte
, and most economic and political spheres on an international scale.Correct your spelling
culture
cults
cult
Moreover
, it can increase competition between countries
which can lead potentially to decline
the prices and rise employment chances by supporting trade and jobs.In Correct article usage
a decline
additon
,it may reduce the isolation of poor populations by promoting their economic situation among developed Correct your spelling
addition
countries
.As result, I strongly believe that it can link the nations to solve issues , among others.
On other hand, industrialization of the economy can lead to ecology deficiency because the higher spreading of technology can affect badly the environment by increasing gazes and degradation of ecosystems. such
as carbon dioxide into the atmosphere causing global warming ,pollution and undoubtedly the
resource Correct article usage
apply
depletions
.Fix the agreement mistake
depletion
Furthermore
, it can cause also
irreparable harm to humanity as a whole .For instance
,it can not be equally distributed around the world
,this
is a fact that some industrial sectors make huge profits while
others are losing their competitiveness and unfortunately they become unnecessary in international trade.
In conclusion, globalization is a fact of modern life that cannot be irreversible , even if its demerits can outweigh its merits government can provide public services to support people who are living in poverty or unable to work and I think that developed countries
should invest in developing countries
rather then
donation money on the world
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