Essay Title: Does globalization have negative sides?
Keywords or Topics: globalization
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Separate opinions are argued among people concerning how globalization influences the world's economies. Some think globalization has brought dramatic economic growth and employment opportunities worldwide, particularly in developing countries. However, criticisms are raised to remind people of the negative impacts caused by globalization.
The economy and employment have been thriving in some developing countries for the last 30 years since globalization first formed its concept. Countries such as China, India, and South Africa, which had once struggled with economic developments, were affected mainly when most giant international corporations moved to nations where tax rates were lower and labor rates were cheaper. This particular wave has created enormous new businesses in less developed countries. Therefore, both economics and employment have been promoted significantly by globalization.
However, some economists and sociologists believe globalization has not created jobs ...
In the present age, globalization is playing an increasingly important role in our lives. But in the meantime, whether it is a blessing or a curse has sparked a heated debate. Some people argue that globalization has a fundamentally beneficial influence on our lives, while many others contend that it also has a detrimental effect.
A convincing argument can be made about globalization playing a pivotal role in developing technology and the economy and promoting the cultural exchange between different countries. To start with, it is globalization that impelled many corporations to become international groups, thereby contributing to local technology and employment. Specifically, when a multinational group establishes a factory in a developing country, the new equipment, the new management skills, and the job vacancies are all in the best interest of the local society. Moreover, people worldwide can get to know each other better through globalization. It is easy to see that more and ...