Advantage and inconvenient of globalisation

Globalization is the acceleration of movement and exchange (of people, goods and services, technology, capital or cultural practices) all around the world. Globalization results in an increasing level of interaction between different regions and populations of the planet. Wich mean that more and more people will be aware of what happens all around the planet, the different cultures that exist and more.

We will see that globalization has good as well as bad consequences all over the world.

First we will talk about the different positive aspects of globalization.

First of all, globalization has allowed technological development in a large part of the planet thanks to the sharing of information, methods or different techniques. We can take the example of medicine: the sharing of information, techniques or even drugs has been possible thanks to globalization. This made it possible to give the right to health to a large part of the population, especially in developing countries. Then, globalization made it possible to discover new cultures. Global competition, that is, competition abroad can encourage creativity and innovation, allowing companies to gain a head start over their competitors. Finally, globalization has facilitated trade. Companies through globalization often take advantage of developing countries where production is much cheaper. When they invest in these regions, the standard of living of employees often improves considerably. In addition, these people can have access to better technology and innovation that was not previously available. It's a win for both of them.

Secondly we will talk about the different negative aspects of globalization. If a country is no longer competitive in the production of a particular good, it means that its production is outsourced and workers are left unemployed. This leads to a significant increase in unemployment and inequality

Then, globalization has the disadvantage of making certain older and local cultures disappear.

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