Some people believe that increasing business and cultural contacts between different countries have positive development, while others disagree. Discuss both views and give your opinion.

1In this era of globalization, nations have become interdependent where trade and culture are not restricting within a country’s border, and this is considered a welcoming aspect by many. However, some individuals are worried that this trend is likely to dilute the nation’s identities. I will 2discussexplicate both sides of the 3argumentarguments in this 4essaydisquisition before presenting my certitude to the former perspective.

To 5begincommence with, the positive outcomes related to international trade and cross-cultural exchange are immense, and 6the most notable of these isthe most notable is the global surge in economic growth. 7What this means, with increased business contacts among various nations, more employment opportunities have emerged in various sectors such as technology, tourism, and education, which paved the way to strengthen the economies across the globe. A good example for illustration is that the advent of multinational organizations in India has provided 8livelihoodslivelihood to innumerable college graduates over the last few decades, 9a development that has proven to bewhich has proven to be a boon for the country’s growth. Hence, 10the benefits of global tradethe meritorious side of global trade cannot be underestimated.

Nevertheless, those who are against globalization 11have valid grounds for their oppositionexpress their support on valid grounds. The rise in global business and cultural interchange is often linked with the gradual fading of 12nationalnational’s identities. To put it simply, modern-day people are keen on understanding foreign cultures and 13adopting aspects of themadapting them to the point of altering their lifestyles. The best example to explain this is the massive influence of 14Westernwestern culture on 15Easterneastern nations. 16Traditional attires are on the verge of disappearance and are now merely a piece of clothing to wear only on certain occasions. For these reasons, the 17cross-cultural exchange is likely to havecross-cultural impact is likely to be linked with 18a few setbacksfew setbacks.

To sum up, I pen down stating that, although globalization has its own share of drawbacks, it is largely a beneficial phenomenon for the 19nations worldwideglobal nations, which 20benefit immenselyare benefited immensely on account of massive economic gains.