globalization is positive for economics, but it’s negative side should not be ignored. To what extent do you agree or disagree?
We are living in
this
modern world, where the entire economy is driven by the globalized market
. In the last
century, the GDP of many countries was pretty low, whereas
, with the advent of the 21st century, we see a drastic rise in the GDP of these countries, which is mainly attributed to consumerism driven by globalization
. Though the global market
is widely positive, some folks believe it has negative effects too. However
, though it has some flaws, I support globalization
as it is good for our economy and I have the following reasons to support my stance.
Firstly
, an open market
creates the opportunity for foreign products to be available to the local market
. This
helps in the reduction of the consumer goods price and thus
it becomes much more affordable for the citizens. For instance
, a country like the US imports silicon chips from Taiwan due to
the competitive manufacturing cost and hence
, the electronic goods in the United States are economical. Thus
, it can boost purchasing power for the public which in turn accelerates the country's revenue. Moreover
, globalization
boosts the job market
in a country as well. When the bigger brands like Amazon, Google etc. set up their local offices in a nation like India, they employ the local citizens and thus
directly back the nation's growth.
However
, some of the pessimists feel that this
open market
creates a huge competitiveness for the manufacturers producing local products. For example
, Chinese goods tend to be cheaper compared to the nation's local brands due to
their sheer economy of scale. This
results in local products getting unsold affecting the livelihood of the citizens.
So to summarize, the main reason for the global economic resurgence after the catastrophic world war is due to
globalization
. Though it can bring some minor disadvantages to the local market
, overall
I believe it has far more benefits. Hence
, the government should encourage it further
and also
implement necessary policies to support the local manufacturers as well.Submitted by nusramkumar on
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Task Response
Your essay provides a clear and comprehensive response to the task, with relevant examples supporting your points. To further enhance your score, consider adding more varied and complex sentence structures throughout your paragraphs, and ensure that each example is directly linked to the point you're making.
Coherence & Cohesion
Your essay demonstrates good logical structure, with a clear introduction, body paragraphs, and a conclusion. However, to improve coherence, you could benefit from using a wider range of linking words and phrases to better connect your ideas.
Balance & Depth
When discussing the negative aspects of globalization, consider offering more depth and specifics. This can provide a more balanced view and support your argument more effectively.
Introduction
The introduction effectively sets up the essay, outlining your stance on globalization and its impact on economies.
Use of Examples
You effectively used examples, such as the import of silicon chips from Taiwan to illustrate your points, adding credibility to your argument.
Conclusion
Your conclusion effectively summarizes your argument, reinforcing the benefits of globalization while acknowledging its minor disadvantages.