In this essay on globalization we try to remain neutral and to show you both pros and cons.
The concept of “globalization” is very multifaceted.
Globalization is a fact of modern life; it is an irreversible process, inescapable fate of world development. So let’s sum up everything we have already mentioned.
Globalization is a world phenomenon; it is a process that affects every country of the world, their economies and the lives.
Despite some negative effects of globalism, or globalization, we need to recognize the potential of globalization to help achieve global economic prosperity.
Globalization is the increased integration of world markets for goods, services, and capital.
The world is already on the verge of tremendous discord caused by deforestation, pollution of the oceans and seas, and the irrational use of the goods of the Earth.
All this can cause irreparable harm to humanity and the planet as a whole.
Often they do not manage to do it, so the owners lose their money, people lose their work. The manufacturing sector loses its ground, while its place takes the thriving service industry.
These changes greatly hurt the national economy of each country, make changes in the economic structure, and the unemployment rate increases. People have to train for a new profession to find their place in this global changing system. Competition creates a large gap between qualified and no qualified personnel.