GLOBALIZATION - Paragraph Writing

GLOBALIZATION - Paragraph

• What is globalization?

• What are the positive aspects of globalization?

• What are the negative sides of globalization for the people of poor countries?

• How can globalization make the world a better place?

GLOBALIZATION

Basically, globalization is a term used in trade and commerce. It is a process of expanding trade all over the world by creating a borderless market. Because of globalization relationship among the countries of the world is getting closer than before. High-tech communication media and rapid transportation facilities are enhancing the process of globalization. Countries in the world are now families in a village. They can share their joys and sorrows like the next-door neighbors. If one country is in distress, others immediately come to its assistance. Because of globalization more and more job opportunities are being created in poorer countries. Competent and skilled people are getting their desired positions anywhere across the globe. However, globalization has many negative aspects particularly for the people of the poor and technologically undeveloped countries. As globalization is creating an open competition in trade and commerce, the developed countries are getting the upper hand because these countries are technologically developed and can easily defeat the undeveloped countries in the competition. Consequently, it so happens that the developed countries are utilizing the cheap labour force of the poor countries and getting high returns. As a result, the gap between the rich and the poor is ever-widening.

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