Going global. Is it a myth or reality?
The question of whether the globalization is a myth or reality is easily answered to my mind: it is definitely a reality. But to what extend can we call it a reality? In my presentation I’ll disclose the term of globalization, cover the spheres in which globalization can be applied and dwell on the advantages and disadvantages of it. Finally I’ll come to the conclusion that globalization is an inevitable and developing phenomenon which requires citizens of all countries to find the right balance between benefits and costs associated with globalization.

Before going deep into this phenomenon I’ll provide you with the definition of globalization.
The definition that has attracted widespread …show more content…

Bad sides of globalization
1. Destroys ethnic cultures. With so much emphasis on being global, people are forgetting what is local. They may disregard their culture, ethnicity, and local traits in preference for foreign practices.
2. Affects local markets. When foreign goods flood the market and people begin to buy them, it is done at the cost of local goods. This is especially true of developing countries.
3. Globalization causes unemployment in industrialized countries because firms move their factories to places where they can get cheaper workers.
4. Globalization can lead to financial problems . In the 1970s and 80s countries like Mexico, Thailand, Indonesia or Brazil got a lot of money from investors who hoped they could build up new businesses there. These new companies often didn’t work, so they had to close down and investors pulled out their money.
5. Some of the poorest countries in the world, especially in Africa, may get even poorer. Their population is not as educated as in developed countries and they don’t have the new technology that we do.
6. Globalization may lead to more environmental problems. A company may want to build factories in other countries because environmental laws are not as strict as they are at home.
7. Human, animal and plant diseases can spread more quickly