Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss.

Article 1

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. 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.

Secondly, several companies from the more developed countries have already ventured to establish foreign operations or branches to take advantage of the low cost of labour in the poorer countries. This kind of business activity will provide more influx of cash or investment funds into the less developed countries.

However, one cannot deny the negative effects which have derived from globalization. One crucial social aspect is the risk and danger of epidemic diseases which can easily be spread as the transportation becomes easier and faster in today’s advanced society. This is evidenced in the recent birds flu disease which has infected most Asian countries over a short period of time.

As large corporations invest or take over many offshore businesses, a modern form of colonization will also evolve which may pose certain power pressure on the local governments of the less developed countries. Unemployment rates in the more developed regions such as Europe may also escalate as corporations choose to outsource to the cheaper work force from Asian countries.

In conclusion. I 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.

Article 2

Process of evolution has transformed this planet into a global village.Development of information technology and means of transportation has made the concept of distance irrelevant.But since every coin has two sides, so despite its immense effect on world economics ,globalization also have a darker side though its often the brighter side which is taken into consideration .
Globalization has lead to a lot of adverse effects .To start with,firstly , though increase in trade brought by globalization has greatly promoted business ,however it has also accelerated the transport of drugs and weapons all over the world .In addition to that,diseases once peculiar to a particular region can now be seen every where .Moreover ,news media has not only provided us with information but has developed a capacity to control and influence our thinking.Internet,television and mobiles have diverted the attention of our young generation from studies to entertainment and glamour . Globalization has created a competition among countries which has led to the use of illegal methods to win this race of superiority .Much research has been done on this topic and substantial data has shown that means of globalization like cars and airplanes etc have resulted in increased number of accidents compared to previous era .
Henceforth, concluding that globalization has many disadvantages which must be remembered and taken care of,so that we would be able to enjoy this metamorphoses without any suffering .