T.Linh93
Posts : 12
Points : 34
Thanked : 6
Join date : 2014-02-23
 |  Subject: The benefits and problems of Globalization to economy  Thu Apr 17, 2014 9:47 pm | |
| Globalization is such a commonly used term in the twentieth century. It simply means that the world has become integrated economically, socially, politically and culturally through the advances of technology, transportation and communication. It is undeniable that globalization has resulted in both positive and negative effects which must be addressed accordingly. To begin with, globalization has contributed to the world’s economies in many beneficial ways. Globalization lets countries move closer to each other. People, companies and organizations in different countries can live and work together. We can exchange goods , money and ideas faster and cheaper than ever before. One typical example for globalization is that a German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world almost every day. Another advantage of gobalization that is worth mentioned is that the advances in science and technology have allowed businesses to easily cross over territorial boundary lines. Consequently, companies tend to become more productive and competitive thereby raising the quality of goods, services and the world’s living standard. However, negative influences of globalization to the economy should not be neglected. The term outsourcing is not new in the era of globalization, nevertheless, it causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers. Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not as strict as they are at home. Poor countries in the Third World may have to cut down more trees so that they can sell wood to richer countries. In conclusion. I would like to reiterate that globalization is inevitable and we must urge individuals, companies and governments to use a more balanced approach by taking the appropriate steps to deal with matters relating to the financial or economical gains verses the social, political or ecological concerns of the world. |
|
Sóc Chuột
Posts : 11
Points : 27
Thanked : 6
Join date : 2014-02-23
Age : 31
| | Subject: Re: The benefits and problems of Globalization to economy Thu Apr 24, 2014 8:42 pm | |
| Your writing is so easy to understand. Thanks for your post.  |
|
T.Linh93
Posts : 12
Points : 34
Thanked : 6
Join date : 2014-02-23
| | Subject: Re: The benefits and problems of Globalization to economy Thu Apr 24, 2014 9:39 pm | |
| It is so great to hear that  |
|
Sponsored content
| | Subject: Re: The benefits and problems of Globalization to economy | |
| |
|
