Summary (final)

Globalization has several benefits and drawbacks that affect different countries. Some countries are embracing globalization as it brings about many benefits, while some are pessimistic about the negative impacts. Globalization has led to economic development around the world, mainly through international trade and multinational corporations. International trade has helped to boost the economic growth in several developing countries and it provides a variety of cheap products to the consumers in the developed countries. 

However, globalization also has its negative impacts. Globalization might not benefit everyone in the same way and the gaps between the rich and the poor continues to widen. Environmental problems such as global warming are significantly increasing and many economically driven countries are putting the environment as a priority. Furthermore, people are worried about the loss of cultures and traditions due to the widespread of American culture and ideas. People are also actively moving across borders to look for better education and jobs, which causes immigration anxieties among the citizens and they requested for tighter restrictions on immigration. Therefore, even though globalization has led to positive economic development, the social, environmental and cultural aspects are being affected negatively.