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INSEARCH .
ENGLISH

MODEL ARGUMENT ESSAY:

GLOBALISATION HAS MANY BENEFITS. DO YOU AGREE?

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the decades since the Second World War the lifting of trade barriers has resulted in an increase in world trade and investment. This opening up of national economies to international competition and investment is called

~Iobalisation. Globalisation brings with it many benefits, which can be felt not only by the wealthy investors in industrialised countries, but also by
underdeveloped countries and their economies.

pirstty, a significant benefit of globalisation is that both lo?al and global economic growth is often stimulated wherever multinationals establish business. When multinational companies such as Cadbury, Schweppes or

- Packard establish branches worldwide. the economy benefits from ~ewlett the investment. The number of wealthy investors usually increases with the
increasing number of local multinational company branches, tn addition. local

industries may become more profitable as their export markets expand and
there is increasing trade in international markets.

~Another advantage of globalisation is that it is likely to provide employment opportunities in poorer countries. These opportunities are made available as
a result of foreign investment in manufacturing. mining and other industries. ~or the locally-~ired employees of these companies extensive training may be provided to develop their work skills. In addition, the benefit of a regular
wage raises living standards for their families.

j-+'n conclusion. globalisation of trade and investment in developing countries results in stronger domestic economies. It is frequently an effective means of Lstimulating
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economic growth, leading to prosperity for poorer countries and

~their people. Globalisation should be encouraged and promoted by

governments, multinationals and local communities.

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