Do the benefits of globalisation outweigh the drawbacks?
Yesterday’s video contained some useful ideas, but here are some more ideas from my ebook: Positives of globalisation: • Business is becoming increasingly international. • A global economy means free trade between countries. • This can strengthen political relationships. • Globalisation can also create opportunities for employment. • It encourages investment in less developed countries. • It could reduce poverty in the developing world. Negatives of globalisation: • Globalisation can also lead to unemployment and exploitation. • Companies move to countries where labour is cheap. • This creates redundancies, or job losses. • Some companies exploit their employees in developing countries. • Salaries are low and working conditions are often poor. • Global trade also creates excessive waste and pollution. Note: The American English spelling is ‘globalization’. You can use either spelling in the IELTS test.
