INTRODUCTION Thetopicofessayistheinfluencesandeffectsof globalization on development of economies all over the world. With the growing impact of globalization, the world isbecomingmoreinterconnectedopeningvarious opportunitiesforallandthereby,providingdeveloped technology and innovative means of working.
IMPACT OF GLOBALIZATION Positive Negative
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POSITIVE IMPACT OF GLOBALIZATION Broughtinintegrationofworldeconomiesand societies. Globalization has brought in Innovation in gadgets and newer technology. It has seemingly reduced environmental degradation. Globalisation though has made life easier. Due to globalization, the world has become a single market or a global village.
Widens gap between peoples of society
NEGATIVE ASPECTS OF GLOBALIZATION Migrationisthecauseofglobalizationwhichhas impacted society and its culture in a bad way. Globalization has affected developing, transitional and developed countries and their economic system in a pessimistic manner. Globalizationhasbroughtafeelingofdisrespect amongst the workforce.
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CONCLUSION Globalizationhashinderedanddamagedeconomic development of countries all over the globe which needs to be rectified as soon as possible. The government needstocheckandtakecorrectiveactionsby implementing rules and regulations in order to maintain balance.
REFERENCES The Impact of Globalization in the Developing Countries. 2013. [Pdf]. Available through: <https://pdfs.semanticscholar.org/97c3/996f95af3b6a053 7b8048ccdd5c24bd224df.pdf> Ibrahim, A.A., 2013. The impact of globalization on Africa. International Journal of Humanities and Social Science. 3(15). pp.85-93. Purnell, M., 2018. Globalisation and its impact on the journal collections of research libraries in Australia: a Health Library’s perspective. Journal of the Australian Library and Information Association. 67(1). pp.55-63.