The advantages and disadvantages of globalization
Even though globalization affects the world
s economies in a very positive way, itsnegative side should not be forgotten. Discuss.
Globalization is such a commonly used term in the twenty first century. It simply meansthat the world has become integrated economically, socially, politically and culturallythrough the advances of technology, transportation and communication. It is undeniableto say that globalization has resulted in both positive and negative effects which must beaddressed accordingly.To begin with, globalization has contributed to the world
s economies in many beneficialways. The advances in science and technology have allowed businesses to easily crossover territorial boundary lines. Consequently, companies tend to become moreproductive, competitive thereby raising quality of goods, services and the world
s livingstandard.Secondly, several companies from the more developed countries have already ventured toestablish foreign operations or branches to take advantage of the low cost of labor in thepoorer countries. This kind of business activity will provide more influx of cash orinvestment funds into the less developed countries.However, one cannot deny the negative effects which were derived from globalization. Onecrucial social aspect is the risk and danger of epidemic diseases which can easily be spread asthe mode transportation is easier and faster in today
s advance society. This is evidenced in therecent bird
s flu disease which has infected most Asian countries over a short time frame.As large corporations invest or take over many off shore businesses, a modern form ofcolonization will also evolve which may pose certain power pressure on the localgovernments of the less developed countries. Unemployment rates in the more developedregions like Europe may also escalate as corporations choose to outsource cheaper workforce from Asian countries.In conclusion, I would like to reiterate that globalization is inevitable and we must urgeindividuals, companies and governments to use a more balanced approach by takingappropriate steps to deal with matters relating to the financial or economical gains versesthe social, political or ecological concerns of the world.
This essay is too long, 318 words instead of 250-265. Otherwise (except for some minorgrammatical errors) it is a very nice work. It covers the task, has the right structure, theparagraphs are coherent and logically connected by elegantly used linking words, thestructure of sentences is fine and so is your vocabulary. Looks like a Band 7.5 or higheressay.