Is globalisation a good or bad thing essay

From: Fats V. T.
Category: nature nurture
Added: 20.05.2021
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The paper shows that globalization has faced backlash both from the developed and rich countries as well as poor and emerging economies. While developed economies have criticized globalization as the root cause for job losses and the present economic recession, globalization has also been viewed as the reason for mushrooming sweatshops in poorer countries. Nike, for example, has been criticized by various NGOs for sourcing its products from manufacturers who employ child laborers to bring down costs and increase profits. There are different modes of globalization and each mode of globalization has its own share of advantages and disadvantages.
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Globalization: Good or Bad - Words | Bartleby

Please join StudyMode to read the full document. To answer this question I should explain or define the term globalization first. For me globalization means the worldwide distribution of products and services and the fusion and partnership of international companies. Due to globalization people around the world are more connected to each other.
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My Essay Point

Please join StudyMode to read the full document. There are many views on whether or not globalization is good or bad. In my essay I will not give a definitive answer.
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Some praise globalization for opening borders and connecting cultures and politics. Others blame it for disrupting local economies and eliminating jobs. The fact is that globalization has been around since ancient times, and it is fully integrated into different aspects of modern life. As a consumer, your clothing, foods and electronic gadgets are often produced by multinational companies located around the world. And as an investor, a financial advisor could help you diversify your portfolio with emerging market funds and other foreign investments.
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