Luan

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Globalization is a comparatively new trend and it has brought countless benefits to almost every aspect

in our modern life. However, some people believe that beside its positive influences, this trend also has some
drawbacks that should be paid attention to. From my perspective, I totally agree with this statement and I
will be elaborating on my reasons in the following paragraphs.
To begin with, globalization obviously exerts positive impacts on various aspects of the world. Firstly,
this process boosts international trade by reducing trade barriers, including tariffs and quotas, and facilitating
smoother cross-country trade relations. Since countries engage more in global trade, they can specialize in
producing their most potential goods and services. With new markets allowing those products to reach a
broader customer base beyond their domestic borders, economic growth and prosperity can be easily
achieved. Secondly, globalization promotes the rapid spread of technology and innovation across borders. As
nations and businesses collaborate and exchange knowledge, there is accelerated progress in various
technological sectors, leading to advancements that benefit society and enhance the quality of life. Finally,
economic growth driven by globalization results in improved living sandards. Thanks to new job
opportunities available from the field of international economy, the average income can be increased,
enabling people to afford better housing, heathcare and other essential services.
However, the devastating consequences of globalization cannot be denied. The first thing worth
considering is that globalization can lead to the erosion of unique cultural identities and traditions. Since
Western culture and values are easily spread and appreciated, they often dominate the global media,
entertainment and consumer markets. This cultural homogenization can therefore diminish cultural diversity
and lead to the loss of indigenous languages, traditions and practices, threatening the age-long heritages.
Another problem to be taken into account is that this trend can heavily degrade the environment by
emphasizing industrialization, urbanization and consumption. As these processes are often given priority
over sustainability, more natural resources are depleted, negatively affecting the ecosystem and the overall
health of the planet. In addition, globalization may lead to the exploitation of workers in developing
countries as multinational corporations seek to minimize production costs and maximize profits. Child labor,
unsafe working conditions and low wages are prevalent in many industries such as textiles or manufacturing,
where the labour force is inadequate.
In conclusion, though bringing various benefits to our life, globalization still has some disadvantages
that should not be overlooked. In order to make this trend better, some measures should be taken to
maximize its positive aspects at the expense of its drawbacks.

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