Globalization has brought about various impacts on the economy, culture, and

the society in general. Indeed, globalization led the improvement in standards of living
across nations, but not everyone benefitted from that. While it is true that globalization
opened new ways to communicate with other nations and exchange goods with them,
not all countries were able to keep up with new business processes caused by
globalization. Being aware of this notion that globalization has both negative and
positive impacts lead us to the question, “Is globalization a success or failure?”.
According to studies, people are the most important success impact. Businesses
were easily given access to new information and business process, which made the
organizations successful. Although there are many extraordinary achievements,
globalization is not developing equally. Some nations are developing slower than
others. Faster growth and lower levels of poverty are observed in nations that have
successfully integrated.
With the being said, the future of globalization is shining with hope. It can be said
that it helped a lot of countries to achieve economic, social, and cultural success.
However, just because globalization has brought several benefits to the world does not
mean that the negative impacts will be ignored. The world leaders must work together to
mitigate these downsides, and everyone will get to enjoy a bright future ahead of them.