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Agree or Disagree: Globalization is a positive force in Today's world?
Globalization has been around for centuries. Silk road, colonialism and recent modernization are only a few of great examples where economies flourished, making the world more accessible.
There are three reasons why it's also a positive force in today's world.
Firstly, globalization opens up larger markets for many business sectors, encouraging larger-scale production, and stimulating competitions. As a result, products are not only better but cheaper. Some domestic companies may suffer but the profits of society as a whole outweigh this downside, such as job creations and increase in purchasing power.
Secondly, a consensus of scholarly work holds that globalization has alleviated extreme poverty, eliminating the people affected by half. That's nearly 1.5 billion people. Developed countries often complain that the wealth gap is widening but I think it's negligible if lifting 1.5 billion people out of extreme poverty.
Furthermore, our globalized economies heavily rely on each other because each country is specialized in what it can produce best.
If you look at the supply chains of high-tech products(e.g. autos and silicon chips), you'll see why raging wars is more difficult.
Lastly, globalization is a positive force in today's world and always will be. We become more interdependent so it is important to be knowledgeable about globalization. Setting trade tar