Globalization

Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods are made and sold all over the world, thanks to globalization.

This short second term, we've also been talking about globalization as it can be seen in the blog: we've been debating on it and we've found its good and not that good sides.

Good sides

• Globalization gives you a larger market. You can sell more goodsand make more money. You can createmore jobs. 

•  Products become cheaper and you can get new goods more quickly.

 

Bad sides

• Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers.  
• Globalization may lead to more environmental problems.  

•  Globalization can lead to financial problems .

• Some of the poorest countries in the world, especially in Africa, may get even poorer. 
• Human, animal and plant diseases can spread more quickly through globalization.

 
In conclusion, it can be appreciated that globalization's drawbacks are more than the benefits. However, we should try to fix the problems for a better life!

P.S:.: Don't you know what globalization is? Here's the big problem explained in 4 minutes!