Even though globalization affects the world’s economies in a very positive way, its negative side should not be forgotten. Discuss.

Not long time ago, when the word globalization was not coined yet, we were many little pretty worlds almost completely separated from each other, with our own culture identities, mindset as well as our problems. Then, thanks to the technology improvements, the world has become a much smaller place which no space for division anymore. This deeply changed our daily lives and plainly it did not come without aftermath.

It is true, globalization Is threatening the developed economies and even the developing ones in some way. Many people are losing their jobs due to the outsourcing process which is promoting the movement of production processes toward the developing countries. This is a phenomena that is leading not just to an increased unemployment but even is affecting the nations that are at the receiver’s end. Indeed, there are those who say that they are gradually giving up the reins of their economies in the ends of foreign countries, which is a phenomena that might lead to a sophisticated form of colonization.

Nevertheless, it has to be said that free trading is leading to an enhanced cooperation between states. Namely, thanks to the continuous investment flow done by western nations to the poorer ones, countries are becoming bounded to each other. As a result, there is not an independent economy system anymore where a country can grow up driving down the others. Conversely, if a nation’s economy goes down the others fall as well. A case in point is the Greek's economy crisis. The Europe union, indeed, which is the most linked market to theirs one, helped and is still helping Greece to face and solve the domestic problems with huge amounts of money and development plans.

To summarize, even though there is some main disadvantages, in my opinion the positives definitively overwhelm the negatives. However an effort should be done to keep a check and and not let diffusion go wild.