Countries are becoming more and more similar because people are able to buy the same products anywhere in the world. Do you think is a positive or negative development?

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Nowadays, many businesses have been branching out
into
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apply
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overseas,
as a result
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of which
people
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can purchase any similar
products
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regardless of their location.
While
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it may pose a threat to domestic companies,
this
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will bring greater benefits to individuals, encompassing broadening an array of accessible options
as well as
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their understanding of other cultures. Importing goods from other nations could result in a multitude of domestic industries going out of business.
For instance
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, in Japan, there is a wide range of
products
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from all over the globe
such
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as electric appliances, cars, and coffee beans.
This
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movement would undoubtedly have a detrimental influence on the revenue of the existing domestic companies on account of the tough competition.
Nevertheless
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, the negative effect could be meditated by introducing high tariffs on these imported items, leading to a healthy balance in the markets. Viewing
this
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trend from customers’ perspectives, two major positive impacts can be observed, one of which is regarding fulfilling their needs better. As an example, if cars made in Japan or Korea were not available in Australia, not only would many struggle to locate a reasonably priced car, but it would
also
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cause
people
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not to access their favourable brands, meaning that constrain available choices.
Furthermore
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, having
products
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from a different country can
also
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spur
people
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to understand different cultures.
This
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is certainly exemplified by many Japanese
people
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being tuned into Korean idols, and dramas,
as a result
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of prevalent Korean goods across the country.
Hence
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, improving accessibility to multiple nations’ items, in which similar
products
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are sold regardless of geographical locations, can contribute to these two merits.
To conclude
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,
although
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there might be a likelihood that domestic companies would be impaired by the prevalence of imported items, it can be prevented by some regulations. If anything, it is more likely to accommodate customers’ needs
as well as
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instil
people
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in other
people
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’s cultures.
Submitted by artical5er7 on

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Your opinion

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Topic Vocabulary:
  • globalization
  • diversity
  • homogenization
  • cultural assimilation
  • global connection
  • local businesses
  • economic impact
  • consumerism
  • standardization
  • westernization
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