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Polished transcript:
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In a global economy, there are some remarkable advantages and at the same time some noticeable disadvantages. The first advantage of a global economy is that people can get products at competitive prices and access the best products from the global platform. The drawbacks of a global economy are that the local culture of a country cannot compete with popular culture. For this reason, a global economy not only damages the local economy but also creates huge unemployment for the local cultural holders. I think this is a great threat to local cultures and traditions. So we all should think about a balanced approach to the global economy for this region. The benefits and drawbacks can be managed properly.
Actual audio transcript (What native speakers are likely to hear):
In global economy there are some remarkable advantages and at the same time some noticeable disadvantages found. The first advantage of global economy is that people can get a product in a competitive price and they get the best product from the global platform. The drawbacks of global economy is that local culture of a country cannot compete with the popular culture. For this reason, global economy not only damages the local economy, but also create huge unemployment for the local culture holder inhabitants. I think This is a great threat for local culture and traditions. So we all should think about the balanced approach of global economy for this region. The benefits and drawbacks can be managed in a proper way.
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