Globalization-BENEFITS AND DISADVANTAGES

The definition of globalization is a process of trade that involves many countries which makes the
world more connected. Globalization nowadays is more helped by technology which makes us more
aware about other cultures, conditions, traditions, business, or every information from other counties.
Meanwhile, globalization in the past is not helped by technology but the people in the past were more
likely to trade from one country to another, which makes them exchange their culture, perspectives,
information, and even religion. From that exchange, it gives us benefit because not only makes us
aware about other conditions but also improves our life standards because through globalization we
easily learn to improve skills and knowledge, easy to do trade by doing export-import, investment
between countries will be more open which helps to open up new job opportunities. Globalization also
has disadvantages which make the generation nowadays different from our parents generations. For
example, in Indonesia usually has a tradition of waking up people in the neighborhood using drum for
sahur in Ramadhan, but nowadays that kind of tradition is rare to be found because people already
have an alarm on their phones and they feel waking up neighbor can annoy others. Not only that the
influence from other culture also affects to the lifestyle and social life which make peoples to be
hedonism and even individualistic. Other disadvantages of globalization also make a big gap between
developed countries and developing countries. In the political sector, the developed country can also
play a role in other country problem because of their big influence especially if they invest in other
counties.

The war between Russia and Ukraine- how does this affect the global economy
The war between Russia and Ukraine started a long time ago, after Uni Soviet outbreak. The outbreak
caused Uni Soviet to split into several countries, one of them being Russia and Ukraine. Since they
separated, Ukraine thinks Russia want to interfere in their country. Before the misunderstanding gets
bigger, in 1997 Russia and Ukraine signed an agreement to avoid a big war between them. But in
2014, their relationship become worst because there was a revolution against Russian supremacy.
The Ukraine people succeed to make Ukraine President step down because they think that the
President was Pro-Russian. Russian then use their power to take over Crimea in 2014. The issue of
war continued until 2021, the Russian soldier started to stay at Ukraine border then the war has
started at the beginning of 2022. The war make a significant effect to global economy. The first month
after the war, oil prices increased significantly. The factor is that Russia is one of the biggest
producers and exporters of oil in the world, which trigger concern over the supply of fossil fuels from
Russia and it makes the supply of oil decrease. Also, Ukraine and Russia donated 30 percent of
wheat globally and the war will automatically affect the wheat growing season so it makes the wheat
supply also decrease but the prices increase. Not only commodity prices has increased significantly,
but also the stock market has shaken. The stock exchange in Moscow was closed for three weeks, it
affect global economics especially to global investor. In business, many of factory has closed their
business because of the penalty, political pressure and public opinion. All of that issue makes global
economy growth slowly even decreased and we can feel it from all of the prices has increase or we
can call it as inflation.