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Advantages of Globalization

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Advantages of globalization

Globalization, growth to a global or worldwide scale, has a lot of advantages to the world. First, it makes a peace relation. Most of the countries have relations with each other in order to boost their economy. For example, they leave behind any bitter in the past if there is any. Nations now try to raise capital and strengthen their stand in international trade, rather than hosting a war. Thus, globalization has induced international peace and security in a big way. Second, it is good for free trade. In fact, Free trade is a policy in which a country does not charge taxes on the import or export of goods or services from other countries. There are countries which have resolved to free trade in specific regions. This allows consumers to buy goods and services, comparatively at a lower cost. Third, with the advent of globalization, there has been a huge increase in the transportation of goods and services worldwide. To illustrate, nowadays, we spend less time with cheaper and faster for travelling and product shipping. Fourth, globalization has promoted international connectivity. With the use of the Internet, we can see that the world has definitely become a smaller place. We can communicate with people all round the world. Fifth, countries have an understanding for the protection of the environment from which they benefit so much. It has been accepted by most countries that action needs to be taken in saving natural resources and wildlife, without thinking about the boundaries that separate them. Global environmental problems like cross-boundary pollution, over-fishing in the oceans, climate change, etc., are solved by discussions and conventions. Last but not the least, one of the most advantageous factors of globalization is employment. This happens due to the arrival of new companies and new markets, where lots of skilled and…...

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