Post by Admin on Dec 7, 2015 19:53:28 GMT
Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. What is your opinion?
Globalization involves the integration of economies through trade, transport, communications and technology. While there are undoubtedly positive aspects, I believe there are some downsides which should not be overlooked.
Advances in science and technology can be shared between countries through trade. A development in the manufacture of tablets in America, for example, can be duplicated in China in a matter of months. International competition for business helps to keep prices down, benefiting consumers, who have their pick of a wide range of products, both branded and own brand, for a range of prices. The exchange of goods and services worldwide also encourages multinational corporations to expand, employing local workers, which in turn prompts advances in education and training, benefiting national supply companies and domestic economies in turn.
On the other hand, globalisation can result in lack of variety, as people all over the world drink the same coffee, wear the same shoes and eat at the safe fast-food outlets. Because of economies of scale, big international companies can sometimes produce things cheaper than local firms, so they lose market share, close and put people out of work. It can also lead to a brain-drain, with qualified experts in particular fields leaving their homelands to work for big, well-paying companies overseas. There is also the issue of environmental damage because of the number of goods being shifted from one place to another in planes, ships, trains and trucks, contributing to pollution and global warming. In addition, the movement of goods and workers spreads diseases, as evidenced by the recent Ebola outbreak in West Africa. Worth considering, too, is the inequality shown up by globalisation, where the poor are left behind and poor nations and economies cannot benefit from international trade.
In conclusion, I believe governments need to take a balanced approach to reap the benefits of globalisation while protecting their own local economies, cultures, lands and people.
[316]
K4: outlets
K5: duplicated, multinational, tablets
K6: reap
www.ieltsexchange.com
Globalization involves the integration of economies through trade, transport, communications and technology. While there are undoubtedly positive aspects, I believe there are some downsides which should not be overlooked.
Advances in science and technology can be shared between countries through trade. A development in the manufacture of tablets in America, for example, can be duplicated in China in a matter of months. International competition for business helps to keep prices down, benefiting consumers, who have their pick of a wide range of products, both branded and own brand, for a range of prices. The exchange of goods and services worldwide also encourages multinational corporations to expand, employing local workers, which in turn prompts advances in education and training, benefiting national supply companies and domestic economies in turn.
On the other hand, globalisation can result in lack of variety, as people all over the world drink the same coffee, wear the same shoes and eat at the safe fast-food outlets. Because of economies of scale, big international companies can sometimes produce things cheaper than local firms, so they lose market share, close and put people out of work. It can also lead to a brain-drain, with qualified experts in particular fields leaving their homelands to work for big, well-paying companies overseas. There is also the issue of environmental damage because of the number of goods being shifted from one place to another in planes, ships, trains and trucks, contributing to pollution and global warming. In addition, the movement of goods and workers spreads diseases, as evidenced by the recent Ebola outbreak in West Africa. Worth considering, too, is the inequality shown up by globalisation, where the poor are left behind and poor nations and economies cannot benefit from international trade.
In conclusion, I believe governments need to take a balanced approach to reap the benefits of globalisation while protecting their own local economies, cultures, lands and people.
[316]
K4: outlets
K5: duplicated, multinational, tablets
K6: reap
www.ieltsexchange.com