Please have a look at my essay
Posted: Mon Nov 02, 2015 9:40 am
Negative effects due to gloablization. what extent do you agree ?
Indubitably, globalization has brought a tremendous change in the lives of people. However, it also has had negative effects on the economy. This essay will demonstrate the negative effects due to the globalization in the following paragraphs.
Firstly, There is an increase in competition among the companies in the market. Many new companies have entered into local businesses due to the globalization, which lead to an increase in competition among companies for the customer base. For instance, multi national companies like Walmart, Coles have started their businesses in the Asian countries such as Hong Kong, China and India. This scenario has brought a competitive environment among all the companies in the markets. This is certainly a difficult situation for the retail companies in India, China and Hongkong. Thus, this example clearly shows why globalization is not favorable for the businesses.
Secondly, it affected employment opportunities of local people. The globalization has opened the gates for outsourcing work for foreign companies. This has adverse affect on the employment opportunities of people living in the developed countries. By the way of illustration, Most of the Information and technology companies outsource the work to India, which has been affecting the employment in the United States of America. This example clearly shows how globalization has affected the job opportunities of the people. Thus, it is evident that globalization has negative effects on people.
In conclusion, after analyzing the competitive nature created due to the globalization and the effect of globalization on the employment of the locales. it is strongly believed that globalization has negative effects on the people. It is hoped that at least in future, governments would try to solve the problems raised due to the process of globalization.
Indubitably, globalization has brought a tremendous change in the lives of people. However, it also has had negative effects on the economy. This essay will demonstrate the negative effects due to the globalization in the following paragraphs.
Firstly, There is an increase in competition among the companies in the market. Many new companies have entered into local businesses due to the globalization, which lead to an increase in competition among companies for the customer base. For instance, multi national companies like Walmart, Coles have started their businesses in the Asian countries such as Hong Kong, China and India. This scenario has brought a competitive environment among all the companies in the markets. This is certainly a difficult situation for the retail companies in India, China and Hongkong. Thus, this example clearly shows why globalization is not favorable for the businesses.
Secondly, it affected employment opportunities of local people. The globalization has opened the gates for outsourcing work for foreign companies. This has adverse affect on the employment opportunities of people living in the developed countries. By the way of illustration, Most of the Information and technology companies outsource the work to India, which has been affecting the employment in the United States of America. This example clearly shows how globalization has affected the job opportunities of the people. Thus, it is evident that globalization has negative effects on people.
In conclusion, after analyzing the competitive nature created due to the globalization and the effect of globalization on the employment of the locales. it is strongly believed that globalization has negative effects on the people. It is hoped that at least in future, governments would try to solve the problems raised due to the process of globalization.