Topic : It has been said that the world is becoming a global village in which there are no
boundaries to trade and communication. Do the benefits of globalisation outweigh
the drawbacks?
Globalization is known as the interactition and integration process between many countries over the world and this trends contribute largely to reduce the barrier to comerce and communication . This essay will explain why the benefits of globalization are better than the downsides of it.
The following are significant advantages of globaliztion . Firstly , Globalization open the free market economies system that there are no restriction barries of imports and exports for goods, services. For example, the free trade international agreement was established between USA, Canada and Mexico called NAFTA that alow them to exchange products and services with significant import and export restrictions . Secondly , the consumer not lonly enjoy best choices of goods butaslo benefits from lower overall prices of good . It is because of the strongly increased competetion among foreign companies and it drive price down. Moreover , the key benefits is free movement of labors . With the recently fast advance in the information technology ,trasportation easpecilly Internet and airport, worker can more easily find a expected jobs online and move from on countries to another to market their skills to employer. Finally , in many cases, it allow economies to fix " gap" that exist in their labor markets. For example, United kingdom can hire the nurses from India to fill the missing position in its public hospital that were previously empty due to local shortage.
Regardless to negative results of globaliztion, one of the bigest downsides is the harm that it cause to economies at the early stage of development. Free trade force all the countries competein in a fair playing feild, which is alway guessed that the deveoped counterparts beat the smaller,less developing countries . another disadvantges is the phenomenon known " labor drain" which means the talent workers tend to appy in the potential and better foreign companies instead of staying at home countries. Finally , globaliztion has had a cuntural impacts on many countries due to the large scale immigration, many critics of globalization feel that the free movement of labor has resulted in weakness of specific local cutural in favor of greater economic and cultural hegemony.
In conclusion, globalization has taken the isolated contries to come closer and might get rid of boundarier previously given to trade and exchanges . This trends generally has brought many positive results better than the drawbacks .
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