Last week in class
we watched a couple of videos on globalization. It discussed both advantages
and disadvantages that globalization brought to our world. I believe that
globalization affects the world more positively than it does negatively.
Globalization brings countries together and connects us in a variety of
different ways, whether that may be through trade, marketing, technology, or
any other matter.
Globalization
influences trade in a positive manner because as countries across the world
become more developed, they can process more goods and services to offer during
trade. With more products being made and produced every day, countries can now
trade as efficiently as anytime in previous years. Globalization is also
leading to new ideas, therefore creating newer and more efficient products for
trade.
Globalization
helps out our world markets and economy in everyday situations. Globalization
creates for more efficient markets. Because we buy so many products from other
countries that make them cheaper, we can sell them at a lower price than if we
were to make the product ourselves. Lower prices lead to an increase in demand,
therefore helping out the economy. With many countries producing more products
it also increases competition between markets. Competition causes companies to
make more products as well as continuing to try to improve on their products.
More products being created often leads to lower prices, which helps out the
everyday consumer and the economy as well.
Perhaps the
biggest part of globalization has come with technology. Technology has provided
easier and faster ways of buying and selling products, communicating, and has
also brought countries together across the world. With technology becoming more
and more advanced, it allows people and businesses to produce products more
efficiently than at any previous time. New technology and ideas being created
has played a major part in the globalization process.
It is often argued
whether globalization affects the world in a positive or negative way. However,
at this point I think it helps us out in a good manner. If we continue to
globalize, I think it will keep improving our world and continue to connect the
people in a variety of ways.
