Currently, it’s obvious that there are not any barriers to trade and international communication, as all parts of the world have been connected to each other. To a certain extent, I agree that global connections are the key factor that contributes to better living conditions. However, I also believe that it can trigger some negative impacts on societies by leading to unemployment and exploitation.
On the one hand, people today have unlimited permissions to trade and travel, which in turn brings an avalanche of opportunities to improve a nation’s economy. Firstly, a country with a huge unemployment rate can get investments from developed countries. As a result, people will be satisfied with their improving living conditions. Citizens in Turkmenistan, for example, used to live in poor living conditions since there were no job vacancies that encouraged them to leave the country. As a result, Turkmenistan lost a great quantity of workforce in healthcare, education, and agriculture. Fortunately, investors from the United Arab Nations allocated a huge amount of money to this country. Thus, so many positive changes have been made in Turkmenistan with the help of this investment. Moreover, a global economy not only reduces poverty but also strengthens political relationships between governments.
On the other hand, globalization can also lead to unemployment and exploitation because companies tend to move to countries where labor is cheap and their products are in demand. As a result, it can be a major reason for redundancies or being jobless. Additionally, global trade also creates excessive waste and pollution that leads to an increasing number of endangered species list. For example, in Australia, a variety of animals are killed to make way for new business facilities every year. That undoubtedly affects the fauna and biodiversity.
In conclusion, while globalization creates opportunities to overcome some problems, ranging from reducing the unemployment rate to strengthening relationships between nations, it can also be the main factor in the loss of fauna and biodiversity.