Globalization paragraph

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Globalization paragraph

Globalization paragraph Basically globalization is a process of expanding in trade and commerce across the world creating a borderless market. Because of globalization, relationship among the countries of the world is getting closer than before. High-tech communication media and rapid transportation facilities are enhancing the process of globalization. Countries of the world are now like families in a village. They can share their joys and sorrows like the next-doors neighbours. If one country is in distress, others immediately come to its assistance. Because of globalization, more job opportunities are being created in poorer countries. Skilled people are getting their desired positions anywhere across the globe. However, globalization has many negative aspects particularly for the people of the poor and technologically undeveloped countries. As globalization is creating an open competition in trade and commerce, the developed countries are getting their upper hand because these countries are technologically developed and can easily defeat the undeveloped countries in the competition. Consequently, it so happens that the developed countries are utilizing the cheap labour force of the poor countries and getting high returns. As a result, the gap between the rich and the poor is ever widening. It can be said that globalization can bring happiness and prosperity for all when globalization process will create equal rights and facilities.

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Globalization paragraph

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