Today, many individuals approve that we live in a globalized world. However, not everyone agrees that this is necessary. There are some positive influences as it boosts economic growth and also provides more employment opportunities. Along with that, there are drawbacks as there will be unequal progress and also low income for many people.
Firstly, living in a globalized area has many positives like it helps to boost world’s economic growth is along with no barrier, developmental works are conducted equally and economy will be increased and world’s economy will skyrocket with the path of development is globalization also provides people’s feeling of brotherhood. Furthermore, it also provides more employment opportunities as people will get opportunity to look for suitable job throughout the world. For instance, with globalization a person from Spain get opportunity to search for a job of teacher in China without any circumstances.
However, globalization has certain drawbacks in unequal development as people will prioritize more skilled manpower, making it difficult for individuals with average qualifications. As a result, they will be provided employment with less value. However, an employment problem can be solved, which makes it not a big problem. Moreover, in the market, business portion will be in loss as globalization reduces the price of many goods, they will face economical hindrances, and their economy will not boost as usual.
In my opinion , globalization is a positive development as it has more positive influence as it boosts economic growth and provides more employement opportunities than negative drawbacks as unequal development and less profits for businesses