Most people accept that we now live in a globalized world but not everyone agrees that this is beneficial. To what extent is globalization a positive or negative development?

It is a common acknowledgement that we are living in a world where all nations or

countries

are considered to be a single living entity and simply,

this

is what we call globalization

in other words

. People have different opinions regarding

this

concept, somehow, it depends on personal understandings and views towards

this

phenomenon. To examine how it impacts our contemporary society, we need to conduct a thorough analysis of different viewpoints. As a matter of fact, globalization has impacted almost all the sectors in a country as a whole, resulting in distinct consequences for its people

as well as

other living entities generally. As far as positive developments are concerned, almost all

countries

are benefitted in all sectors

as a result

of globalization. When it comes to the economic sector, a country has a competitive advantage of exchanging its resources through foreign trade.

For example

, Sri Lanka has a competitive advantage to produce agricultural products and to export

while

importing motor vehicles from

countries

that have a competitive advantage to produce technical products.

Nevertheless

, there are negative complications as well, the introduction of harmful drugs, illegal drug traffic, labour smuggling, and many other wrong practices have been a threat to

countries

. Excessive usage of prolonged internet and other cyber-crimes have been a menace.

As a result

, governments spend a large proportion of their income to eradicate these practices.