Tugas Writing 3

 

The Impact of Globalization in Economics

Globalization is a process in which individuals, between groups, and between countries interact with each other, dependent, related to, and influence each other crossing international borders. Globalization not only has a positive impact for a country, but it also has negative effects.

The positive impact of globalization is more open international markets for domestic products. It encourages us to produce high quality goods and encourage more employers to increase efficiency and eliminate the high costs. Impact of globalization may also increase employment opportunities and foreign exchange.

We must acknowledge that globalization can open up international markets for domestic products, nevertheless, with the openness we will be flooded by products from other countries. With the freedom of entry for foreign investors into our country, they can easily take over our economy and in the end the free competition market will decide which from the market participants is win or lose.

For instance, that we can compare a shoe with a particular brand, both in quality and in terms of price. Most people's think that foreign-made were much better than the domestically-made shoes, those thought would be would be a boomerang for the domestic products that can't compete with their foreign competitors, either in quality or quantity of production. No wonder, it's because we are lagging for advance technologies compare with those developed industry countries. Not to mention the average standard quality of our human resources that also lower than them.

In conclusion, globalization can have a positive or negative depends on our preparation and commitment to deal with.


*Ini sudah dikoreksi ma K' Shandy..

 Thanks ya k'.. :) :)