Title: Is Globalization Good or Bad? A Comparative Analysis - Opinion Front
Headings: Is Globalization Good or Bad? A Comparative Analysis
Is Globalization Good or Bad? A Comparative Analysis
Two Sides of the Same Coin
What it Offers
1. Provides Wider Choices
2. Improves Quality
3. Improves Communication and Transportation
4. Boosts Economy
5. Provides Freedom of Choice
6. Spreads Knowledge
7. Promotes Progressive Thinking
What it Affects
1. Promotes Traits of Commercialism
2. Destroys Ethnic Cultures
3. Affects Local Markets
4. Promotes Danger of Spreading Disease
5. Creates Social Divides
6. Leads to Wastage of Resources
7. Promotes Health Risks
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Content: Boosts Economy
Globalization makes it possible to not only export and import goods, but it also allows for outsourcing services and jobs. It has been seen that jobs in the information technology sector are especially outsourced. Many American companies set up branches in the Indian subcontinent because the labor is relatively cheaper there as compared to their country. This results in a direct increase in their net profits. And as for India, they get a sudden burst of jobs which is helpful for their economy. 5. Provides Freedom of Choice
Globalization provides a platform for an exchange of information, ideas, goods and services. There is never a dearth of choices and options. And it is thus a highly ‘freeing’ phase wherein one never has to settle for something mediocre, because there is always the option of finding something more superior. If it is not available in one’s own country, and if one has the necessary resources, one can always look outside and more importantly, procure it.