Be educated and its with education that people in the

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be educated and it’s with education that people in the nation see their opportunity for a better life in the future. PRELIM WEEK 2 Continue THE MERITS AND DEMERITS OF GLOBALIZATION THE MERITS AND DEMERITS OF GLOBALIZATION
Globalization is one of the most controversial issues of our times. Others generally believe that it brings greater economic efficiency that will eventually result in bring prosperity for the world. Critics think that it will largely benefit those who are already rich, leaving most of the world poorer than before. Economic globalization is generally applauded by corporate leaders and economics. But opposition to economic globalization is widespread in the labor and environmental movements for it has promoted exploitation of workers, children, farmers, and the environment. The Merits (Advantages) of the Globalization
1. Peaceful Relations Most of the countries have resorted to trade relations with each other in order to boost their economy, leaving behind any bitter past experiences if any. For an instance, the treaty between Germany and India whereby Germany will supply military equipment to India in case the latter is in distress. Another example itself is the establishment of the United Nations, which is a clear manifestation of establishing friendly relationship among all signatory countries.
2. Employment Considered as one of the most crucial advantages, globalization has led to the generation of numerous employment opportunities. Companies are moving towards the developing countries to acquire labor force. Along with modernization is the goal of developing the economic status of a nation. This is feasible only if we allow capitalist to pursue the rare business purpose. With this, different businesses are organized. Thus, the creation of different job opportunities thereby leading to employment of individuals around the world.
3. Education A very critical advantage that has aided the population is the spread of education. With numerous educational institutions around the globe, one can move out from the home country for better opportunities elsewhere. The existence of economic goals must always be coupled with honing one’s mind. Therefore, educational institutions are needed to support this claim. Along with modernization, it is no longer impossible for people around the globe to develop themselves as we have institutions ready to support us holistically.
4. Product Quality The product quality has been enhanced so as to retain the customers. Today the customers may compromise with the price range but not with the quality of the product. Low or poor quality can adversely affect customer satisfaction. A very good example is our conception as to Chinese products. If we are to compare it with products of other countries, we commonly say that Chinese products are of poor quality and that of US products fully satisfy our standards. This is just a clear indication that modernization or globalization made us more of a wise buyer.
5. Cheaper Price

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