Even though globalization has some very positive effects, we can't forget its negative effects. What are the disadvantages and advantages of globalization?

It is evident that the world economy has transformed over the past few decades by connecting worldwide countries through the flow of

services

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, goods, and people which is called

globalization

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. Despite the fact that

globalization

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contributes to significant benefits

such

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as

growth

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the growth

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of the economy, it

also

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has negative effects that must not be overlooked. One of the main advantages of

globalization

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is increased trade and economic growth.

First,

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the international merchant has facilitated

this

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by reducing the flow of goods and

services

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across national borders and promoting international trade commitments.

This

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has led to increased competition, innovation, and specialization, which have ultimately affected economic development.

Second,

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globalization

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brings about the spread of new technology and knowledge.

For instance

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, medical technology

such

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as telemedicine, connects specialized doctors overseas to have medication

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local medical staff.

On the contrary

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, negative issues have

also

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been considered,

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as outsourcing jobs and environmental degradation.

Firstly

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, foreign hiring

instead

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of locals

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their speciality, lower pay or communication skills, resulting in the reduction of local labour hiring.

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, the move of the share

services

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company from Thailand to the Philippines because English is fluently spoken but not well compensated.

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,

globalization

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led to the increasing demand for goods and

services

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, which could affect the global environment in cases of poor production and waste management. In conclusion,

while

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globalization

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has brought significant benefits,

such

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as increased economic development and the spread of new technologies, it

also

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has negative effects that must be considered.

Hence

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, the government and people who make and enacts the law must take steps to address these negative repercussion and ensure that the benefits of

globalization

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are shared proportionally among the citizens of the country.