Globalization`s al power Globalization has found a significant place in the lives of the people.During the process of globalization, we have made a bridge where ideas and beliefs can cross the borders, and the walls of distrust and the barriers of suspicion between countries have graally disappeared.
Though globalization is seen as a sign of a hopeful future by some, there are others who believe that it can cause a horrible disaster for the world economy.Counties benefit a lot from globalization, especially the developing countries.
With it, there is a global market for companies to trade their procts which can make the proction sector develop rapidly.This gives lots of options to the manufacturers as well.
Besides, competition keeps prices relatively low and it can provide a wider range of options for people, to choose from among the procts of different nations.In addition, there is a sound flow of money, as a result, inflation is less likely to occur.But the disadvantages brought by globalization cannot be ignored.
Globalization is causing Europeans to lose their jobs as work is being swerved to the Asian countries.
The cost of labor in the Asian countries is low as compared to other countries which is often argued that poor countries are exploited by the richer countries where the work force is taken advantage of and low wages are implemented.
Moreover, companies are as opening their counterparts in other countries which can result in transferring the quality of their proct to other countries, thereby increasing the chances of poor quality.
Simply put, globalization is an ongoing process of integration of regional economies into global network of communication which the human being cannot hold back.toward it, take good use of it and avoid disadvantages at the same time.
Thus there will be a better world where all the people can have a brighter future.