Globalization and Its Affects

Globalization is the process of growing integration of economies and societies around the world. It refers to frugal globalisation throughtrade,foreign direct investment, capital flows,migration and the open of technology. The principle of globalization is free markets, reduction of barriers in exchanging and affair goods,which makesthe specialization in export-import. However, globalization has not only positive, butalsonegative lay outs.Firstly,itisnecessary to discover that globalizationmakesour societydevelop. It helps to sh be ideas and innovations. Globalizationhas an squeeze on economic growth in the world. An invasion of Foreign Direct Investment on economic growth has had a positive growth effect in wealthy countries andhas led to an increasein trade resulting in higher growth rates. On the other hand, many firms from create countries outsourced their manufacturing to so-called third world countries, wherethe labourcosts arelow.Workers from developed countries arenot happy about that, because they feel thattheir jobs aretaken from them. Another problem of globalization and outsourcing is that it encourages slavery and child labour. Further much, Iwouldlike to add that people become more social when thereareno borders between countries. They can move freely from state to state, share their ideas and beliefs. In chance(a) life we feel an impact of globalization as wecanenjoy foreign cuisines, music, art, movies or scour learn foreign languages.However, globalizationcauseshuge damage to national culture, because weare greatly influenced bymore developed countries and we cannotresist it. Itisknownthat globalization is about sharing novelties. Medicine and health careareimproving all the time. Globalization helps doctors and scientists from all over the world share ideas and even work together sothatthey can reach better results and make new discoveries. However, globalizationis thought to have contributed to thespreadofdiseases, especially AIDS .When it appeared intheUSA, it was known just in some African states. Owing to the processof globalization and colonization,ithasspread in the whole world. On balance, globalization is spreading rapidly incontemporaryworld. It improves economictiesbetween countries and helps to createabarrier-free trading system. Although ithas beneficialinfluenceoneconomy, globalization makesan adverseimpact on culture and traditions.