Net Effect of Globalization

According to the World Bank, globalization is "the growing integration of economies and societies around the world..." and also "a historical stage of accelerated expansion of market capitalism". Globalization has affected the world both positively and negatively. Firstly, one of the positive effects is that it has westernized the developing countries, helping them to modernization. Secondly, many more jobs were provided for the poor people in countries such as India as the result of outsourcing. Thirdly, due to globalization, we can buy products more cheaply, easily and quickly. Lastly, the technology today has improved so that it makes our lives a lot easier and faster. There are many more positive effects of globalization. As you can see, globalization seems admirable now with only positive effects mentioned; however, there are ugly side to globalization, too.
Globalization definitely has some negative effects to the world. Firstly, millions of Americans have lost their jobs in their country as a result of outsourcing and providing jobs to the poor in cheaper wages. Secondly, the cultures in the east has been somewhat westernized. Countries like India are losing their cultures and traditions because of globalization. Thirdly, as people have to follow the western time, many people in the east have to work in the night, therefore, families are not able to spend much time with each other. Fourthly, there are lots of traffic as more roads and cars are built and bought for transportation. Lastly, a widening gap is creasted between rich and poor. Because the poor can't afford to use technology that are available to the rich, the gap is getting wider as new technology is introduced. Overall, as globalization has so many both positive and negative effects, it can't be considered simply either good or bad. It needs a lot of consideration before deciding it.

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