Marketing Essay Lalitha

In modern times, globalization is a common phenomenon. While some believe that global business is destructive and disturbance to the country, others however, opine that it is useful for the educational developments through exchange of ideas, traditions and linguistics. This essay will outline the beliefs and drawbacks of the worldwide marketing system. On the one hand, the global trade is definitely beneficial to the society. Firstly, increasing number of different markets has brought surplus economic growth in the countries as the import and export of the goods is smoothly exchanged between the countries. Another point to consider is that international markets promote the educational developments across the world trough exchange of cultures and ideas. Finally, dissemination of the information, traditions and languages will certainly create the richness within the countries. For instance, various languages, cultures and traditions have made India to be rich, about 50% of people come as the tourists to India to explore the richness of the culture. Therefore, global trade is important not only for economic growth but also enrich the country. On the other hand, the negative aspects of the globalised businesses should not be forgotten. These markets create the economical instability, especially in the poorer countries. Take for example, the recent study by the world economy forum shows that industrial countries extremely dominate the developing countries economically. This is due the fact that many large businesses suppress the local small scale industries. Moreover, there are also conflicts arising between the countries because of deeper involvement in neighboring countries. Thus, these markets cause interruptions and invade the privacy of the country. To conclude, although the negative aspects of the free international trade cannot be gainsaid, the advantages of this system overweigh the drawbacks for the reasons such as improvements in economy and education. Find IELTS Writing Task 1 samples here: http://www.ieltspodcast.com/general-task-1-sample-essays/