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As a result of technological advances in the past few decades interaction and integration of world nations are rapidly increasing. Due to interaction and integration a new term is emerging, globalization. Globalization can be helpfull to reach opportunies all over the world but its drawbacks can not be ignored.


Firstly customers are able to buy products which produced by in distant countries, as at a reasonable price beacuse of great increases in international market. cross-border trade. For example we can see exotic fruits in Nordic markets. However increased international market cross-border trade makes economy more fluctuating since money transfers can be done in within seconds in all economy. Beacuse of fluctuated Economy companies discharging dismissal of the people more than ever  beacuse of fluctuated.


Secondly high unemployment rate makes employees more liable to low wages. Low-cost labour and duclicate production helps international companies by increasing their profit. While international companies growing regional ones going bankrupt. The fact that bankruption of regional componies has bad effects on national economy.


Globalization has considerable effects on not only economic policies of goverment but also the cycle of natural resources. Dublicate production and excessive use of energy sources are breaking affect the cycles of water, carbon or nitrogencycles. the well balanced cycles such as water, carbon or nitrogencycles. If the cycles of nature affect much than more, humankind will vanish off the face of the earth. vanish from earth.


With the great technology of globalization is becoming part of our lives. No one can escape from it's reality and humankind need to internalise its facts and take care about its drawbacks