Discussion Text

GLOBALIZATION
Group 5 :
Hendrina Desnie. P
Alvie Elicia
Meli. E
Anis. S
Daneswara. P
Reza Sutowo
Bintoro

Issue
Globalization is defined as an ongoing process by which regional economies,
societies, cultures have become integrated through a globe-spanning network of
communication and execution.
Globalization began in the late nineteenth century but it has increased in the last 20
years. As we now know that technology has brought many effects to our lives.
Technology advances make it possible and easier for people to travel, communicate
and do business all over the world . Thus, technology has affected much to the pace
of globalization .

Advantages
Globalization has brought a lot of advantages to people
around the world , especially businesspeople. People are
now more connected to each other than they have ever
been before. It is easier for them to travel, communicate
and do business all over the world. Money are more
tradable in the world markets . Products produced in one
country can be available to anywhere in the world . World
trade or globalization has offered greater standards of living
for people around the world . It also helps increase free
trade between nations and enable investors in developed
countries to invest indeveloping countries like China ,
Vietnam , India, and so on. Therefore, these developing
countries will have a chance to become richer. Also, thanks
to globalization,Social and environmental problems can be
solved easier by international co-operation.

Disadvantages
Besides bringing many advantages to people around the world ,
globalization has several disadvantages.Globalization helps reduce poverty
and brings more chances to developing countries to improve their
economies , but this can lead to a significant disadvantage for employees
in developed countries because many jobs have been lost to overseas
competitors as firms and companies seek for cheaper labor . The most
important limitation of globalization is the decreasing number of
manpower. Due to the fast pace of technological advances , machines
and tools are now replacing the position of human workers in factories .
This also has an impact on the number of unemployment as many workers
found it difficult to compete with smart technological workers like
machines and equipment . Another major disadvantage of globalization is
that traditional cultures are getting lost . The cultures of the powerful
countries which have powerful economy are more influential than other
countries . The products of the wealthier countries such as clothes , movies
, music , books , digital products , etc. affect a lot to other countries .

Conclusion
In conclusion, globalization has brought a lot of advantages and
disadvantages to us. We know there is nothing perfect in this world , things
just have limited strong features and weak features. But the most
important point is that people all over the world should try to balance the
advantages and the disadvantages of globalization because we are the
ones who stay here to make the world a better place .