n today’s digitized era, exchanging heritage and business is a moot case among many individuals. Part of the population believes globalization is an advantage for society, while others advocate that it is negative as it fades national identity. Both these views have compelling arguments, yet I strongly stand with the former view.
To commence with, the proponents of globalization believe it is a positive development for both business and culture as it aids equal and holistic opportunities worldwide. This not only results in the economic growth of a nation but also increases the trade efficiency of developing or underdeveloped countries. Digital marketing and the boom in the usage of digital platforms exemplify such growth.
Alternatively, such an exchange of culture and commerce is a major threat to small businesses. To explicate this, enterprises have boomed due to the sudden surge in digital media, however, local and small shops that heavily rely upon local consumers will be shut down due to globalisation. The usage of apps such as blinkit and Instamart, for grocery shopping over local grocery shops, is a great example of its negative aspect.
In my perspective, globalisation is a boon to the world as it removes any geographical barriers. People can access anything around the world, from the comfort of their homes. In other words, there are no geographical limitations which gives one the freedom to learn about different cultures.
In conclusion, despite the prominent arguments of globalisation being negative, I firmly concur it is advantageous for corporations and traditions as it removes geological barriers resulting in overall growth and efficiency.