Globalization is inevitable with economic development, and globalization plays an important role in the development of society. It improves economical development and makes countries around the world more connected with others. Certainly, globalization has a big impact on economy, technology, socio-cultural communication and politics in our society. However, some people may also say that globalization has generated serious international concerns. They believe that it would increase inequality and inflation rate. Whereas, I believed globalization has more positive aspects than negative aspects to our society.
Many people criticize that globalization hurts some developing countries’ economy, but they did not consider that globalization also helps growing the world’s economy. First, globalization leads to global competition. In this case, domestic companies have not only competition in their home area, but also in international regions. Because of this, they have to raise their standards for their customers to satisfy in order to survive in the market. Also, because of the idea “survival of the fittest”, an international company must improve their quality of products to attract consumers when they come into a new country’s market. Thus, globalization improves the quality of products and makes more consumers to promote the consumption of the growing economy.
Furthermore, in some developing countries, lacking of capital - which most companies depend on - blocks the growth of domestic companies. Also, there are lots of domestic companies that go bankrupt and many people lost their jobs in developing countries. However, globalization attracts some investments in developing countries and solved capital problems, so people get more job opportunities in those countries. Certainly, it helps growing the economy of developing countries. All of those shows that globalization help developing countries solved capital problems and improve their economy.
While some people worry that globalization can bring some negative aspects to our society, it increases the inflation rate and makes people living in the different place unequal. The worst aspect of globalization is the increasing inflation rate. It makes a lot of companies go bankrupt and so many people lose their jobs. At the same time, the prices remain in a high level. People cannot get the deserved remuneration. Then, people lose the confidence in the government. The increasing inflation rate makes the society unstable and will cause many crimes. Moreover, globalizations exacerbate unequal in different countries. It forces some developing countries to join in the global competition. Of course, they cannot compete with developed countries. People are tended to buy the products with good quality, which can only provided by the developed countries. In this case, the richer counties can benefit more from the globalization and become even richer. The economy gap between developed countries and developing countries will get bigger. Therefore, it produces some unequal in developing countries.
Nevertheless, some negative aspects of globalization can be avoided and solved by some methods. For example, governments can raise the personal tax threshold to relieve increasing inflation rate. Also, some state - owned enterprises can raise employees’ salaries to make the people's life easier. In this case, they will work contentedly and minimize the bad impact of the expansion rates. Likewise, for the unequal problem, developing countries can join some trade organizations, like WTO. Those organizations have some rules to keep the trade equal and protect every country’s profit. Otherwise, developing countries can patent applications to protect intellectual property rights. Thus, some bad aspects of globalization can be avoided and solved.
Globalization’s effect is becoming more and more important to our society. How it affects us now is that it changes our life everywhere. I argued that globalization is more positive or negative to our society because it not only improves the world economy and technology, but also causes many problems to our society. However, I believe that globalization has more positive aspects to our society. It grows the world economy and many problems can be solved by different methods. Last but not least, without a doubt, globalization makes our society more different than before, so we should use globalization to make a better society.
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