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

, goods, and people which is called

globalization

. Despite the fact that

globalization

contributes to significant benefits

such

as

growth

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the growth

show examples

of the economy, it

also

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

globalization

is increased trade and economic growth.

First,

the international merchant has facilitated

this

by reducing the flow of goods and

services

across national borders and promoting international trade commitments.

This

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

Second,

globalization

brings about the spread of new technology and knowledge.

For instance

, medical technology

such

as telemedicine, connects specialized doctors overseas to have medication

together with

local medical staff.

On the contrary

, negative issues have

also

been considered,

such

as outsourcing jobs and environmental degradation.

Firstly

, foreign hiring

instead

of locals

according to

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

For instance

, the move of the share

services

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

Secondly

,

globalization

led to the increasing demand for goods and

services

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

while

globalization

has brought significant benefits,

such

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

also

has negative effects that must be considered.

Hence

, 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

are shared proportionally among the citizens of the country.