Many countries experience a structural change in economy when the factories shift the operation to China. We wonder when the jobs will come back. We know that the jobs may not come back for a long time. That is the huge disadvantage of globalization. The merchants love globalization.
They can sell the goods and services to different parts of the world. Writers from India are making money by ghostwriting for webmasters in US. Globalization allows countries to specialize. China has the largest population, and it takes on labor intensive jobs.
In theory, developed countries can take on high technology industry. However, the people may not have the skills for it. After all, it is hard to expect everyone to earn a Master degree. The financial problem of Greece nearly pulled the world into a recession again. Earlier on, the problem in Dubai sent the world into panic for a few days. That is the problem of globalization. You do not know how a little-known country in the world can affect you.
Many people invest in mutual funds that invest in developing countries. A big problem in developing countries can cause them to lose all their money. Pollution is another problem of globalization. Since our food sources come from so many different part of the world, pollution in one country can cause food poisoning in another country.
Pollution that leads to climatic changes is the worst of all. When a country burns the forest, you do not know how the climatic change can affect other countries.
The flood and drought can occur in countries far away. Whether we like it or not, globalization is bringing the world closer and closer. We can see the immediate effect of globalization when we enter the campus ground. We can see students from different part of the world studying together. The only thing we can do is to adjust to globalization.
That is why many people are leaving their hometown to work in other countries. Since their jobs go away, they follow their jobs to other countries. The UK boasts of one of the most historical and tourists attractions and attracts tourists from all parts of the world. There is also lots of entertainment industry in the UK, including independent bar owners, nightclub and restaurant It is an organizations ability to effectively manage its working capital that leads to its success or collapse.
Donald, boomer chewing gums, IBM, Nokia, Ericsson, Aiwa etc and started delivering a wide range of quality products at cheap prices. All the dominating brands showed real revolution of globalization here as they have a boost to the industrial sector economy. Because of globalization, it has brought a variety of affordably priced quality products and the complete economic benefits to the developing countries as well as employment to the large population.
Due to this, there is a rise in the competition, crime, anti-national activities, terrorism, etc. It is hard to decide whether the revolution of the global marketplace is beneficial or harmful to the humanity. It is still a big confusion. And we cannot ignore that globalization has created greater opportunities for people worldwide.
It has changed the status and way of living of people in the society to a great extent. The society and country need the positive globalization to lead the country and become a developed country.
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Globalization can pressure us to act in a certain way. Conclusion: In spite of so many disadvantages of Globalization, one must admit that no country can afford to ignore the wave of Globalization. Globalization, thus, is a reality.
Conclusion Globalization Advantages, Disadvantage, Essay, Importance Thus overall we need to create a balance between what is being gained through globalization and also keep the dark side in .
Any opinions, findings, conclusions or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of UK Essays. Redding () defines that globalisation as the increasing integration between the markets for goods, services and capital and at the same time the breakdown of borders. Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss. Globalization is such a commonly used term in the century.
Essay on The Advantages and Disadvantages of Globalization The advantages and disadvantages of globalization Introduction: With the development of Internet, transportation and closer relationship between countries, nowadays we heard of “ globalization ” more frequently in the daily life. Meaning of Globalization, Its Advantages and Disadvantages In every moment, the world is getting nearer to a future that sees humanity as a part of a globalized system.