Globalization is an economic process that is important because it can change the history. This is the result between the human innovation and the technologic process. This process affects not only economic aspect but also affect social, politic and cultural aspects.
This is a historical process because that comes from Christopher Columbus´ period. We saw some advances from these agreements. The first one was in 1494 between Spain and Portugal; with the agreement “Tordesillas”.
Actually, globalization gives to the countries a lot of opportunities to of opportunities to improve technology. In a lot of countries that have a global economy, we can find that the poor population is less and his quality of life is better than the other countries that do not have a global economy.
Globalization opens markets in which we can find more options and have more money in the country and have technology of the more advance countries. Also the imports will become cheaper and the country will increase exports because the taxes will be reduced. All that generate good competition and fabrics needed to produce things with an excellent quality. But if they do not adapt the change, companies can die and employees will be without work, as a consequence there will be more poor people.
In conclusion I think globalization is good because makes progress in the countries and in the companies but it needs strong political and economical structure to give the country a lot of benefits. Organizations like FMI help the countries to improve new economic policies.
This is a historical process because that comes from Christopher Columbus´ period. We saw some advances from these agreements. The first one was in 1494 between Spain and Portugal; with the agreement “Tordesillas”.
Actually, globalization gives to the countries a lot of opportunities to of opportunities to improve technology. In a lot of countries that have a global economy, we can find that the poor population is less and his quality of life is better than the other countries that do not have a global economy.
Globalization opens markets in which we can find more options and have more money in the country and have technology of the more advance countries. Also the imports will become cheaper and the country will increase exports because the taxes will be reduced. All that generate good competition and fabrics needed to produce things with an excellent quality. But if they do not adapt the change, companies can die and employees will be without work, as a consequence there will be more poor people.
In conclusion I think globalization is good because makes progress in the countries and in the companies but it needs strong political and economical structure to give the country a lot of benefits. Organizations like FMI help the countries to improve new economic policies.
By Cristina Dorado
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