benefits of globalization

Globalization has brought a lot of effects worldwide. There are some benefits as well as some controversial issues. First of all, there was significant growth of economy due o increasing international trade. For past five decades, world economy has grown up five times and world trade has increased fourteen times. Poverty rates in developing countries like India, China, Vietnam and Uganda, were dramatically decreased in a few decades. International trade controls six trillion dollars every year, therefore its effect on economy is huge. Also, globalization makes the world closer through exchanging of products, information, knowledge, and culture. With sharing information and culture easily, the world can grow together and develop themselves. Not only that, the orld can share technologies, so people's lives could get more convenient and improved. People often call the world as a "globa village" and borders are not that meaningful than before anymore.