Globalization is right for sure countries, along with the ones within the evolved world or global North where wealthy countries just like the U.S., united kingdom, and Germany can sell extra products and items to new markets inside the global South or poorer nations which include the Philippines and Indonesia. Globalization plays a vital function in presenting no longer only products and services but also method of living and the manner of boom and improvement. the following are some of the monetary benefits of globalization in connection to overseas groups: • Reduces worldwide poverty via imparting work to people. • Contributes to the spread of era by way of introducing new techniques of development. • Provides to the profitability of companies and agencies via earnings and global income.
Globalization have the important role in the developing countries has certain advantages such as technological process. It has a lot of benefit in our daily life. It helps the country prevent poverty problems, creating job opportunities for the people, periphery countries depend heavily on the develop countries for raw materials, food and oil. That can be benefited the other country and it decreased the possibility of war among the countries. Many developing countries do benefited from the globalization.
Globalization involves the increasing interconnection of local and nationalistic economies across the world. It increases border movement of goods, people, technologies, ideas and services throughout the world. It lets other countries to join the rest of the world and become part of worldwide interrelatedness. As the biggest companies are no longer national firms but universal partnership. In my opinion, globalization is an important issue, as it allows countries to collaborate politically, socially and economically.
The benefits do outweigh the because the impact that all the ideas, products, and culture that were a product of globalization were very important and still are today. The idea that was offered, products like technology and spices spreads, and different languages are spreading around benefited a lot of people around the world. And did outweigh the costs as the economy did was an impact made from immigrants and the ideas and thoughts passed through the economy. Also, cures of the viruses were found and passed around by
Thirdly, local business will have a lot of difficulties because people tend to like import goods or foreign goods more than local products. The trend of globalization put developing countries into a hard competition. Globalization allows countries in the world are free in trading without any barriers about tax, not only that the cost of domestic and imported goods are not too many differences cause major competition about commodity (The Impact, n.d.). That force developing nations have to make their product quality better, improve design of goods and reduce production cost. The next point is the pressure on the natural environment.
Globalization is most importantly the increase of interactions between different people, states, and countries. Therefore, it has greatly increased rapid and authentic communication between different international organizations and countries. Because of this it has allowed for much more efficient international cooperation (Denton). With nations cooperating it leads to many different groups of people to start in the pursuit to accomplish one common interest or goal. The ability for countries to cooperate could lead to new jobs, workplaces, culture, more money and ideas (Denton).
Thanks to globalization technology has travelled all over the world to help people have easy access to information. Information can be accessed easily and freely through the internet, mobile phones, television and other devices. Globalization has increased the economic right for people worldwide especially in the developed world. There has been an increase in the standard of living of many people hence healthy lifestyles. However in my opinion, globalization has done more harm than good to the people of the world especially people in the developing world.
Siri think that now it is a lot more common to look to other countries. Travel is easier and the whole idea of the European Union, the fact that countries cooperate to such a great extent, is an advantage to all the citizens as well as the countries can benefit from it. Certainly, globalization comes in also because we are using English as our way to communicate, Siri explains. English is very important today and it is only going to expand and become more important in the future and more important for my generation. In a way, you could say that Drammen International also is a big factor in globalization.
In my opinion, globalization has both positive and negative aspects. First of all, the most obvious advantage that the globalization brings about is that goods (such as car, laptop, smartphone, etc.) produced in one country can be sold in other countries .For the developed countries, now the can easily export their products and services to other countries to earn money. And for the developing countries, it can create opportunities of employment and reduce poverty, which is very good for the economy. The next positive aspect which is taken into consideration is that the developing countries now can receive sources of capital, new technologies from developed countries, which is very essential for the growth of a country.
Economic globalization refers to the free movement of goods, capital, services, technology and information around the world. Since the 1990s, due to the improvement of advanced communication technologies and the rapid expansion of multinational corporations, economic globalization has become an important trend of the world economic development. This trend not only provides a broader space for international markets for all countries, but also aggravates the competition among countries for market and resources. Economic globalization is an inevitable result of the development that no country can evade. In this paper, we will discuss that economic globalization is beneficial or not to developing countries.