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: Moreover, people can travel from one end of the world to the other in just a few hours. This has made it possible for people to take advantage of varied opportunities in the fields of education and business, among others. People can also migrate to other countries for a better future or to escape danger. All of which has been made possible due to globalization. 4. 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.