Corrections

Globalization

• In our age of great human progress the role of globalization is increasing.

• That is why we need to know everything about this process: its advantages and disadvantages.

• On the one hand globalization is good because of governments’ cooperation in solving such problems, which couldn’t be solved by only one country.

• Also increases the knowledge exchange, the experience exchange, free labor and capital motion.

• As a result competition between the companies increases in the global market.

• So the goods are not overpriced, that is why every customer can buy more and satisfy his material and cultural needs.

• It is very nice, but on the other hand we have serious disadvantages.

• Economics of countries become interdependent and problems in on country provoke problems in the other countries.

• And it is more difficult to overcome global crisis than to manage it in one country.

• Also globalization with its free flows of labor and capital can aggravate the internal problems such as unemployment.

• The second point is that it is harder to manage the country and its economy because there are more influencing factors then earlier.

• The third point that transnational corporation activity increases and sometimes corporations can dictate governments.

• And it is difficult to make corporations to be honest and not to breach the rules.

• In conclusion I’d like to add that globalization process is unavoidable and that globalization effects are different for countries of different development.