Question

PLEASE HELP!!! How has globalization improved the lives of many people around the world? Give two examples and explain your answer. Must be 7 sentences long. (Gradpoint)

Answer 1

The globalization is a process that managed to connect most of the world in pretty much every sense of the world. That has its positives and negatives. Some of the positives are the lower prices of products and the increased job opportunities. Both of these things helped to improve the lives of the people around the world, especially the ones in the developing and less developed countries. By having an open global market, the companies from all over the world are competing against each other, so the prices of almost everything have dropped, which increased the buying power of the people. Also, by being able to open up facilities in other countries, the multinational companies opened up lot of new jobs for the people, providing them with steady income and thus more stable life from economic perspective.