Globalization Is Positive For Economies But Its Negative Sides Should Not Be Ignored

IELTS Writing Task 2 with sample answer.

You should spend about 40 minutes on this task.

Write at least 250 words.

Globalization is positive for economies but its negative sides should not be ignored

To what extent do you agree or disagree?

Sample Answer:

Globalization has become an increasingly influential force in the contemporary world, and its effects on economies have been the subject of much debate. On the one hand, it is argued that globalization brings many positive benefits, such as increased trade and investment, which can lead to economic growth. On the other hand, some people have raised concerns about its potential negative consequences, such as the exploitation of workers and the erosion of local cultures. In my opinion, I believe that the positive aspects of globalization should not be ignored, but its potential drawbacks should not be overlooked either.

Firstly, globalization has many positive effects on economies. It has opened up new markets, allowing firms to access new customers and to expand their operations. This has enabled countries to benefit from increased trade and investment, which has been shown to lead to economic growth. For example, the International Monetary Fund estimates that globalization has boosted the GDP of many countries in the developing world, such as India and China, by more than 10% in the last decade. Furthermore, it has created new opportunities for businesses, such as access to cheaper labour and production costs, which can give them a competitive edge.

However, it is important to recognize that globalization can also have negative effects. For instance, multinational corporations may take advantage of lower labour costs in developing countries, leading to the exploitation of workers and the erosion of local cultures. In addition, increased economic integration can lead to an increased dependence on foreign markets, leaving countries vulnerable to external economic shocks. Furthermore, increased competition from foreign firms can put local businesses at a disadvantage, leading to job losses and a decline in economic activity.

In conclusion, while globalization has many positive benefits for economies, its potential negative effects should not be ignored. Governments should ensure that their economies are protected from external shocks, and that workers are not exploited. If these measures are taken, then the positive aspects of globalization can be enjoyed without the potential drawbacks.