The Positive Impact Of Economies And Globalization

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Economies and globalization
Globalization is a trend of increasing interactions between people all around the world; that was caused by the advancement of technology and travel. Economies are the countries that supply and demand many different products. They also have many exports and imports due to the exchange of products. Globalization had a big impact on economies since it made communication and transport much easier which lead to the increase of companies all around the world and to the increase of Economic Growth Rate (EGR).
The changes through time due to globalization lead to economic growth. EGR consists of three main parts: Gross Domestic Product (GDP), GDP is the total value of everything produced by all the people and companies
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Also, factories have opened in different countries, such as Mercedes that was formed in Germany has factories in USA and China. This process lead to transportation of raw materials, machines and expertise, that affected the trade market. This process of opening new companies in foreign countries has its positive and negative effects. Some of the positive effects were more job opportunities due to the need of man power to work in these factories. In addition, citizens had more choice in new products with better quality. Some of the negative impact were that local products were unable to compete in the new …show more content…
The effects of Globalisation on education bring rapid developments in technology and communications are foreseeing changes within school systems across the world as ideas, values and knowledge, changing the roles of students and teachers, and producing a shift in society from industrialisation towards an information-based society. education has increased in recent years, because globalization has a catalyst to the jobs that require higher skills set. This demand allowed people to gain higher education. In addition, the government of developing countries can provide more money for health and education to the poor, which led to decrease the rates of illiteracy.
According to the World Bank (2004) " With globalization, more than 85 percent of the world's population can expect to live for at least sixty years and this is actually twice as long as the average life expectancy 100 years ago". In addition, globalization helped doctors and scientists to contribute to discover many diseases, which spread by human, animals and birds, and it helped them to created appropriate medicines to fight these deadly

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