[Music] globalization is a widely discussed topic it is therefore not all that easy to explain such a complicated term in simple words let's start from the beginning with a background to globalization advances in technology such as mobile phones aeroplanes telephones and the Internet have made the growth of Trump food and communication networks possible amongst other things this means that people and countries can exchange information and goods more quickly and in a less complicated way this process is called globalization globalization comes from globe and means the worldwide coming together of countries and nations let's look at an example companies used to manufacture products in their home countries just like the company's profile vie and super color who produce televisions in country a their products are in direct competition with each other but both companies pay the same salaries and production costs they have the same customers use similar suppliers and sell televisions at similar prices in short the same conditions apply to both companies so far so good due to technical cultural and economic developments that have come about through globalization other companies which manufacture products under different conditions can now offer their products in country a to that's why a company from country B can sell televisions here at a lower price because they were produced for less their local firms super color and prophy TV have to react to withstand the competition and so the world grows closer together and there is an active exchange of goods between countries more affordable products are available for more people however not only does an exchange of products and economic goods take place but also of services knowledge cultural Goods and even languages all of these individual elements are closely linked and influence each other but where there is light there is also shadow because of globalization and thus intends exchange of goods people and the environment often suffer if a company decides to move production to an economically disadvantaged country people in industrialized countries lose their jobs at the same time job opportunities open up to many locals in the economically disadvantaged country many people in these countries work for very little money in comparison to those in industrialized countries therefore they often remain poor and more often they're not do not have sufficient insurance social insurance or health insurance cover a further disadvantage of globalization is ecological problems such as climate change the use of aeroplanes ships and lorries to transport goods over international borders is constantly on the increase this causes more carbon dioxide to be released into the atmosphere which in turn is the main cause of global warming even national environmental standards are ignored this is a further cost factor in the worldwide international site competition which should be kept as low as possible to be attractive for a company there are therefore many sides to globalization which affect almost all aspects of life causing me to think that the chain of positive and negative effects will continue to grow further what's important is to realize that globalization itself is neither good nor bad it just depends how people deal with all the new possibilities in the future [Music]