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Advantages And Disadvantages Of Globalization

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What is globalization? Is it good, bad or inevitable?
Globalization is coming together of people, countries and companies, who use information technology to share or exchange goods, services and information. Technology is an important tool used in today’s globalization. The use of computers, mobile phones and the internet play a major role for communication. There is collaboration between nations of the world, multinational companies and people in the area of technology, economic development, agriculture and even exchange of manpower.
The good parts of globalization are many, one good example is the area of technology. Nations of the earth now share technology. For example, china helped Nigeria to build space satellite which was launched into the space from xichang satellite centre in china and they also trained Nigeria scientist. The contract was signed in 2004. With cooperation in space technology with countries like United Kingdom, China, Russia, and Ukraine, Nigeria was able to build her own satellite in 2011 using indigenous scientist. The satellite was launched into space by from Russia space station. Trades and investments is another good side of globalization. Nigeria trade her crude oil with other countries of the world and money earned was used to develop her infrastructures.
Industrialization in the developing countries is another good side of globalization as jobs were created in the developing countries. This is just to mention a few.
Wherever there is light

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