Essay paper Example | Topics and Well Written Essays - 750 words

Paper - Essay Example The economy; Globalization has affected the economy in both positive and negative ways, some of the advantages are availability of better quality goods in the market, this is because some countries are able to access raw materials at better prices than others and that are of acceptable standards. Quality is also improved by the fact that the sellers need to make sales that translate to profits and the only way to achieve this is to ensure that their goods are of the highest quality. In addition, there is the availability of cheaper goods, for example, Saudi can now import electronics and other stuff from China due to their affordability. Furthermore, globalization has led to diversity, and one can now buy goods that were once not available in their country but are sourced from another one. Saudi Arabia was known mainly for dates, but now people can get access to other food stuffs such as bananas from Mexico, rice from Pakistan and so on. Therefore, due to globalization, Saudi Arabia has now become one of the leading countries when it comes to providing for employment to people from other countries; for instance, the horn of Africa. However, there are disadvantages associated with globalization concerning its impact on the economy; such as stifling of the smaller companies through the competition brought about by globalization, which leads to their collapse while trying to put their foot in their home countries market. There are also cases of social injustices such as child labor as well unfair working conditions have increased. In the education system, standards of education have risen as countries seek to adopt other education systems into the country with the hope of making their citizens more learned and marketable. Often one can find a country having 2 or 3 education systems, so that it can cater to students that are not originally from that country.