This technology keeps on upgrading which is connecting everyone to everyone from one corner of the world to another just by a single click of a button. This globalization has caused both positive and negative effects all over the world.

Starting from the positive effects, the first and the foremost effect and advantage of globalization is the making of service provider websites. There are now so many online service provider websites which have so many national as well as international clients The best example of such service providers is the “Codeigniter development services”. They provide expert PHP web designs to their global clients along with various programming services. Their expert services has rendered various international clients to come to them for their needs.

Another advantage of globalization is the enhancement of global market for various multinational cooperation. These multinational cooperation are the products of globalization which have their outlets in various countries and is causing multiple transactions from border to border. The best examples for these global markets are Apple, Starbucks etc. The cooperation have expanded their products to every corner of the world in order to widen their footprint. For this purpose they have also increased and decreased the costs of their product with regard to the state or country they’re sending their product to.

Another major effect of globalization is the cross culture interactions. Different social media websites has gotten people from various cultures closer to each other. Not only the social media, Different entertainment sites has also rendered the people in getting to know the traditions and norms of various culture. Western culture has the greatest impact of all in the whole world now.

More people are not only getting to know this culture but also appreciating its values. Some inclusion of these cultures could also be seen in their lives. This has made the world a global village where everyone knows everyone. Globalization has also helped in the expansion of the foreign trade. Goods which could only be found in the developed states can now be easily found in other areas of the world as well. People from anywhere in the world can get anything from anywhere in the word. Different countries do their business by just international trading.

They export and import good to and from various countries upon the demand of their people. It was the result of this huge foreign trading which made the World Trade Center a very important organization upon which every country looks to. This has caused an economic rise in various countries.

Developed countries are always in need of natural and human resources to ensure smooth working of their industries. Similarly, the developing countries have the natural and human resources in abundant but what they lack is the capital. So, through globalization this goal is achieved where the transfer of natural and human resources to developed countries is made possible for the exchange of some capital.

Along with the need of natural and human resources, various companies are always looking to invest in some developing country whose economy is expected to rise. The best example in this regard is India where various companies are investing by starting their production unites there. This creates an inflow of Foreign Direct Investment (FDA) which effectively increases the economy of a country.

As its mentioned earlier, globalization also has some negative effects along with its various positive effects. The first negative effect of globalization is the increase in job insecurity among the people in various developed countries. Due to globalization, developed countries get their human resource from another country which is way cheaper than in their own countries.

This causes an increase in insecurity of the jobs of the people living in these developed countries. Globalization has also led to an increased competition in the market. Different multinational cooperation are forced to lower their prices because they are facing a competitor who is providing the same product or services way cheaper. The best example in this regard is China which is providing its services and goods at much cheaper rate than any other country. This has forced the other competitions to lower their prices which in turn has lowered their revenues and profits.

As is clear from the above discussion, globalization does have both positive and negative effects. Globalization is a by-product of the advancing technology and it is here to stay whether we like it or not. So the best thing to do right now is to make the most of it while trying to mitigate the negative effects as much as possible in order to move forward. This is the only way one could achieve economic stability in one’s country.