Most of students wants to know about globalization, this essay and examples will complete you concept about the pros and cons of globalization. We will divide our story in three main parts. In first part we will read What is Globalization? In second part we’ll have list in points of all the pros. And finally in third and last part we’ll have complete list with examples of all the cons of globalization. Let’s have look of pros and cons;
What is Globalization?
Globalization is the process of international relationships among the peoples of different countries, among the companies and the governments and their institutes etc.
The process of “globalization” is not new, it’s very old process among the old kingdoms of old peoples. The aim of this process is to become united on international platform in the field of international trade, environment, culture, health, economic developments and many other field according to the needs of all countries.
Now let’s have a look at advantages of globalization.
Pros and cons in one Hand
The Pros of Globalization
Global Economy Improvement
The first pros of globalization that, it is access and increase the international sales of countries. Companies that spend and trade internationally are get high profit and expend very fast day to day.
Labor Learning Skills
Another big thing to discuss is the movement of labor all over the world. The work can be moved from one country to another country, during this period labor have experience and chances to learn high working skills from others.
Now all people around the world have easily access to each other through different channels. This is key point of globalization that people talk each other, meet each other, making relations on global forums. And the adopt good point from other cultures.
People and Poverty
The economy of the all countries in the world are not same. And same like that some countries have jobless people while opposite to these countries need people for work. This deal and traveling of people from one country to another country leave the positive effects on both countries. This is the best benefits of globalization because I am the part of the component.
Business, art, culture and trading aren’t only the part of globalization. The same thing goes with information technology. For example, the trend of mobile banking in Nigeria are the practice of micro lending.
Development of Countries
A lot of companies are looking for to invest in energy productions sectors. The investment of other companies in different sectors is the positive impact of globalization, that helps the countries growth in economic, development, infrastructure, information technology etc. and many other department.
Bringing Job Opportunities
As the mention in above point, the company’s investment in other countries are produce high number of job opportunities.
This will create more chances for students to read in internationally and read in high class universities. This will make and produce high level professionals people in society of other countries.
Reduction of War
Globalization is reduce the chances of war between the countries, because government have a lot of deals and have a lot of investments among each other’s.
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Cons of Globalization
Loss of Local Culture
In the race of globalization, every country would run the same functions in the same way. In result the residence country loss their own culture due to mass migration and western influence.
In the major point of all is the cheating trends. As example a company invest in country with new ideas. Other rich or political people will learn all the tricks and the they start same things in their own country with same people who work for other’s country company by offering little bit high salary.
Jobs can be created through globalism, but the trend is to be created where the cost of labor is cheapest. The cost of business in some areas are cheaper than the other areas, so transfer of business or create jobs in these low cost areas infect the future of employees.
Rich to Richer
Globalization is the very beneficial thing for owner and managers not so profitable for lower worker and labors. As we all know the big corporations and big companies cannot run without these labors. All the financial profit go to the owner and managers also got high salaries, allowances and bonuses as well. So in this way rich people become more richer and poor go toward poverty.
Corporation make deal with national or local government or other national corporations. In case of government change or other political reasons, there may a bigger loss of companies.
Small Scale Industries
Small sectors, investors with little money or small companies are mostly effected by globalization program. Let’s think around you that every person like multinational products, even you and me. So this is loss for notional companies and products.
According to experts the Humans, plants and the animals diseases are spread more quickly. This is another issue of globalization.