Globalization has been a continuous phenomenon.

The history of mankind is a

proof to the fact that from the ancient times itself people from different places have
come together for trade, cultural exchanges and also ideas. Globalization,
Industrialization and modernization are three phenomena that go together.

Today, let us take a look on the advantages and disadvantages of globalization in

the world.

Advantages of Globalization

 The advancements in science and technology allowed business to easily

cross the boundaries of the territories. Due to this, various companies have
been able to turn into multinational companies and have increased
productivity and raised the standard of living as well as improved the
qualities of the goods produced.
 Several companies have been able to spread from national to international
spree and have opened various branches in several foreign countries.
 Globalization has helped the underdeveloped countries to step in the stair of
developing countries and the less developed countries has been able to
develop more by measuring their diversities.
 Due to globalization, a growth in the field of education has taken place
worldwide.
There are places where there were no schools or other educational facilities.
But today, globalization has helped these countries to shed their
backwardness in terms of literacy.
 Globalization also enabled the increase in employment opportunities and
also have stressed onto the distribution of equal wages among the labours.
 It has also enabled selling of goods at cheaper rates due to a large
competition in the market.
 Communication today is widespread and is improving day by day extending
the boundaries.
 Social engagement of people have increased due to globalization. People
have become more open towards one another.
 Barren lands have been used to build up infrastructure which are actually not
suitable for agriculture.
Disadvantages of Globalization

 The multinational companies have been socially unfair. Labours are

made to work for more hours illegally for more production and paid
less.
 Globalization has made the rich richer and the poor, poorer. The
middle class suffer the most in the process. Globalization itself is a
phenomena that is developing countries, but it does not reduce
poverty.
 Misuse and mismanagement of natural resources is another drawback
of globalization.
 The dominance of powerful nations over the poor ones also exists.
Thus the still existing underdeveloped countries suffer.
 Growth of trade deficit and balance of payment problems takes place
due to more imports than exports. This is a result of globalization.
 Globalization involves greater use of technology day by day so a time
may come when there will be large unemployment problems as
labourers will be replaced and are being replaced by automated
machines which work faster and produce more.
 Villages are being removed and the poor suffer loss of shelter. The
system of globalization does not promote anything for the betterment
of the poor.
 Culture is being neglected in the process of globalization. Theatres
and cultural stadiums are replaced by malls and offices.
 People have to forcefully accept the changes of their environment and
bear the uncertainties of structural readjustments.
 Greenery is almost lost due to the upbringing of globalization.
 Private sectors are more benefited than the public sectors.

In conclusion. I like to reiterate that globalization is inevitable and we must urge

individuals, companies and governments to use a more balanced approach by
taking the appropriate steps to deal with matters relating to the financial or
economical gains verses the social, political or ecological concerns of the world.
 State University of Moldova
Faculty of International Relations , Political and Administrative Sciences

Essay: Globalization- advantages and disadvantages

Lecturer: Stejaru Selena

Student: Gorbatovschi Marina

Chisinau, 2016