🌍 Globalization 💫

 ☄ Globalization 🌏

🌕 Globalization is such a commonly used term in the twentieth century. It simply means that the world has become integrated economically , socially , politically and culturally through thw advances of technology , transportation and communication. It is undeniable that globalization has resulted in both positive and negative effects which must be addressed accordingly.

To begin with , globalization has contributed to the world's economies in many beneficial ways.  The advances in science and technology have allowed businesses to easily cross over territorial boundary lines.💦 Consequently , companies tend to become more productive and competitive thereby raising the quality of goods, services and the world's living standard..

💨Secondly , several companies from the more developed countries have already ventured to establish foreign operation or branches to establish foreign operation or branches to take advantage of the low cost of labor in the poorer countries. ✨This kind of business activity will provide more influx of cach or investment funds in to the less developed countries.

However , one cannot deny the negative effects which have derived from globalization.🌍 One crucial social aspect is the risk and danger of epidemic diseases which can easily be spread as the transportation becomes easier and faster in taday's advanced society. This is evidenced in the recent birds flu disease which has infected most asian countries over a short periowof time.

As large corporation invest or take over many offshore businesses , a modern from of colonization will also evolve which may pose certain power pressure on the local governments of the less developed countries.

💫Unemployment rates in the more developed regions such as Europe may also escalate as corporation choose to outsource to the cheaper work force from Asian countries.

In conclusion. ☄ I like to reiterate that globalization is inevitable and we must urge individuals , companies and governments to use a more balanced approach by taking the appropriate steps to deal with matters relating to the financial concerns of the world..🌏