In today's world, globalization is a controversy debate and significant matter for all nations. This subject like many other issues has some advantages and drawbacks on the world's economy. In this essay both of positive side and negative points of this matter will be explained.
Undoubtedly, globalization plays a very important role recent great advancements over the world. For instance, in the field of electronics, many corporations which have produced most complex, qualified and smart goods could not stay alive in the modern world, mainly because lack of updated information and material that would be achieved by participating in a universal circle. Obviously, having new and up-to-date datas is a effecious way to be succeed in this competitive world.
In addition, economic crises has been one of the most important issues in 2011 throughout the world. In this era, a global economic systems and rules confered some helps as bailouts to countries which have had buried on debts, particulalry european countries such as Greek, Italy and of course the UK.
Having examined the critical beauties of globalization, now we should not turn the blind eyes and ignor some probable problems. Also, being under an economic rule over the world would restrict the range of options to adopt for improving economic systems. Moreover, this paves the way to import some foriegn goods to fulfill the need automatically , which may not be in favor of governors and citizens in the world. Although, the underlying structure of each country will partly forms with the existence of retail business, globalization may be a threat for this active part of economy.
In conclusion, globalization has some advantages and disadvantages over the world. It is bovious that the role of this issue is highlighted in business and industry by having up-to-date and modern informations and advancements. On the other hand it has some drawbacks such as economic restrictions in rules and being under a global economic cater.