Writing Task - Sample 15: The World's Economies Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten Discuss? Although integrating the world brings numerous benefits, there are number of drawbacks which may be concerned This essay will assert that the benefits of globalization outweigh problems Globalization plays a pivotal role in the world today in terms of improving both domestic and international trade, developing information technology and supporting transportation as well as communication First of all, globalization has a fundamentally beneficial influence on international imports and exports For instance, the WTO has allowed running businesses to easily cross over territorial boundary lines Consequently, a number of large companies appear and they tend to provides various competitive products at reasonable prices Moreover, when a multinational group establishes a factory in a developing country, there will be dramatic increases of the investment funds as well as job vacancies that create the best interest of local societies While finally, because of developing a transportation network and communication among nations, there will be capability to exchange ideas among people from different countries On the other hand, a more integrated world might affect adversely to societies It can be seen that large corporations prefer to invest billions of dollars to open branches and representative offices in other developing nations rather than local ones in order to take advantages of a cheaper workforce Because of this, unemployment rates in the more developed regions such Europe and the US may be increase significantly as manufacturing bases in this areas close and shift offshore, and that may lead to a rise in the crime rate and associated social problems In addition, young people tend to learn and copy fashion and culture globally via the Internet that results in culture assimilation issues Thus, it is hard to keep a traditional and unique culture in a long run In conclusion, it is obvious that globalization brings huge benefits to both industrial and developing nations more than drawbacks for economic development, but looking at the social issues and consequences of this, it can be seen that there are more negative effects In a point of view that international originations should control and minimise the negative effects and maximise the benefits