Positive and negative effects of globalization

Globalization refers to the general growth as well as the modernization of a country as a whole entity. The main reason why globalization is critical, as it can help a community gain international recognition and have an impact on its performance. This, however, could be projected in both good and bad ways. The controversy over whether globalization is really bad or good for almost any specific society has been going on for centuries, despite the fact that many people worry about the benefits of globalization; others put much more interest in the compromises and possibilities of achieving globalization.

Positive effects of globalization

– As a result of improved globalization in advanced countries, there is much more scope for developing countries to benefit from it. By doing this, they could be geared towards financial success and eventually achieve a much better standard of living as well.

– Globalization also enhances ongoing competition between nations around the globe, as well as within any specific country; hence it is ensured that commodity prices are actually lowered to a significant degree. This is a good opportunity for end users to purchase items at low rates.

– Due to the access and also the effect of the press today, greater media coverage can help attract interest in those areas of the planet where human rights are actually violated for the benefit of the powerful and rich. This translates into an improvement in human rights.

– When globalization takes place in a nation, it becomes a wider world exposure in the kind of food, movies, art, music, clothing, culture, etc. This is a great way to develop closer ties with the majority of the community.

– Globalization in a single country / community results in a feeling of competition in others; therefore, it helps to keep product costs under control at all times.

– All developing nations could benefit from existing technologies without the desire to go through pressure to create a specific technology.

– Globalization helps to unite various governments so that they can unite towards the achievement of common goals; that’s a good way to spread global awareness of common issues and concerns.

Negative effects of globalization

– The most common drawback of globalization is that it is actually widening the gap between rich and poor; where rich people are starting to get poor and richer people are starting to get poorer.

– As a consequence of outsourcing, globalization could rob an entire state of its resources and jobs. This is because globalization takes jobs away from a single nation and offers them to a different nation; hence giving a lot of individuals without the possibilities they deserve.

– Although people belonging to different cultures and countries have the opportunity to work together, there is a loss of values ​​and traditions.

– Since species are deprived of their non-native ecosystems, there is an increased risk that they will spread disease and disrupt any other natural ecosystem and its native species.