Do You Agree With The Benefits Of Globalization

Protectionism weakens the industry. Without competition companies cannot progress because the domestic product will reduce its quality and increase its price as it will have no competitor. If any country loses its borders other countries will do the same this decreases the economy of country. In my point of view free trade is far better than protectionism.

Although Globalization has brought a significantly positive impact on most countries in terms of economy, culture, and

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. Promoting the exploitation of natural resources in developing world depletes resources. The world is facing the fear of running out of natural resources like oil, natural gas, petroleum and coal because of overexploitation to meet the development needs (SÀIGÒN, 2010).

Because some people argue that globalization help poor countries to become economically good state & make their living standards improve ,while others arguing that the creation of the free market concepts enable developed countries to make more money at the expense of poor countries resources, labour & cultural unbalances. So some part of the world helping globalization concepts & others resisting the concepts of globalizations, Actually most of them trying to see a balance between pros & cons of the globalization for example governments trying to manage the trading concepts based on the governmental objectives by creating new

As more developed nations chooses to believe the in ideas of economic liberalization and push for globalization on a large scale basis, oblivion of the fact that the increase imposition of neoliberal economic policies has actually done more damage than what it thought was a rescue measure. It sure did brings multiple international players in the economic market but this is increasingly at the high expense of citizens’ rights to better welfare systems. The pattern of internationalization / transnationalisation of care workers is an outcome of historical and bilateral relations between countries that has had historical relations, neoliberal policies of developed nations, forcing economically weaker nations to depend on wealthier nations for their remittances to contribute to the sending countries as a form of tokenism wrapped with power and

The act of opening up economies is known as "free trade". It will generally benefit the larger wealthier countries whose big companies such as Apple, Microsoft and Nike are looking to expand and sell their goods worldwide. In the one sector where developing countries have the most to gain such as agricultural goods the wealthier countries will maintain the highest level of protection of their own markets. Free trade will bring down trade barriers such as tariffs, tariffs are a tax imposed on imported goods and services. They are used to restrict trade between countries as they increase the price of imported goods and services making them more expensive to consumers.

Finally, the major effect of globalization is produced in the world economy. The aim of globalization is the growth of the global economy by giving firms a superior competitive position with lower cost through free trade and by increasing the number of consumers, products and services. Some people said it helps developing nation-states to “catch up” the industrialized ones and it improves the overall standard of living. Nonetheless, there is a risk for smaller companies that cannot compete in an international market and world governments should promote international investments and try to eliminate barriers to trade even if it causes them some

Organizations like IMF and WTO also promotes free trade organization that is one of the causes of globalization. The concept of global banking is another factor that caused globalization. • The growth of MNCs- The multinational companies growth within previous years like Nike, McDonald 's ', Microsoft and Apple is another cause of globalization and a consequence too. the growth of MNCs made globalization more reinforced and known.

Through globalization, people around the world share information as well as goods and services. As a result of globalization, consumers around the world enjoy a broader selection of products than they would have if they only had access to domestically made products. International trade has stimulated tremendous economic growth across the globe-creating jobs and reducing price. As globalization accelerates change in technology, more jobs are created and as a result more people are employed thus increasing their purchasing power. As the demand of consumers rise, more and more products are produced to suit the needs and wants of the people.

Defining a nation's trade relations with another country Trade relations for every state are vital because they are a fundamental part of their economic development, where we can see the capacity of each country that has to diversify and maintain stable relations with their partners. More than trade nations I would say international trade, which it's the country's willing to sell and buy products with each other to have better productivity and cost. Most of the economist agree that trade between nations makes the world a better place because in some countries some things cannot be produced, but they have a lot of other, in this way people can enjoy products from other countries. Nowadays there is an International Trade Organization (WTO) charged with monitoring fair trade between countries.