Global events and their impact on the world economy have become increasingly prevalent topics in IELTS Writing Task 2. This theme has appeared in various forms over the past few years, and its relevance is likely to grow given the interconnected nature of our global economy. Based on analysis of past IELTS exams and current trends, we can expect to see questions related to economic globalization, international trade, and the effects of major world events on financial markets.
Let’s examine a recent IELTS Writing Task 2 question that exemplifies this topic:
Some people think that globalisation has negative effects on the world economy, while others believe it has positive effects. Discuss both views and give your own opinion.
Analyzing the Question
This question requires candidates to:
- Discuss the negative effects of globalization on the world economy
- Discuss the positive effects of globalization on the world economy
- Provide their own opinion on the overall impact
It’s crucial to address all parts of the question and provide a balanced argument before stating your personal view.
Sample Essay 1 (Band 8-9)
Globalization has become a defining feature of our modern world, profoundly shaping economic landscapes across nations. While some argue that this phenomenon has detrimental effects on the global economy, others contend that its impact is largely positive. This essay will examine both perspectives before offering a personal stance on the matter.
Critics of globalization often point to its negative consequences on local economies and workers. The outsourcing of jobs to countries with lower labor costs has led to unemployment and wage stagnation in developed nations. Furthermore, the dominance of multinational corporations can stifle local businesses and lead to a homogenization of products and services worldwide. These factors contribute to income inequality and economic instability in many regions.
On the other hand, proponents argue that globalization has brought numerous benefits to the world economy. International trade has fostered economic growth, particularly in developing countries, by providing access to new markets and technologies. Consumers worldwide enjoy a wider variety of goods at competitive prices, while companies benefit from economies of scale and increased efficiency. Additionally, the free flow of ideas and innovation across borders has accelerated technological progress and productivity.
In my opinion, while globalization does present challenges, its overall impact on the world economy has been more positive than negative. The interconnectedness of global markets has created opportunities for economic development and poverty reduction in many parts of the world. However, it is crucial for governments and international organizations to implement policies that mitigate the negative effects and ensure a more equitable distribution of the benefits of globalization.
To conclude, globalization is a complex phenomenon with both advantages and disadvantages for the world economy. By acknowledging and addressing its shortcomings while harnessing its potential for growth and innovation, we can work towards a more balanced and prosperous global economic system.
(Word count: 295)
Globalization's impact on the world economy
Sample Essay 2 (Band 6-7)
Globalization is a big topic in today’s world. Some people think it’s bad for the world economy, but others say it’s good. I will talk about both sides and give my opinion.
First, there are some negative effects of globalization. Many companies move their factories to countries where workers are paid less. This means people in rich countries lose their jobs. Also, big international companies can make it hard for small local businesses to survive. These problems can cause economic problems in some places.
However, globalization also has positive effects. It helps countries trade more easily with each other. This can help poor countries sell their products to rich countries and make more money. Consumers can buy many different products from all over the world, often at lower prices. Companies can also grow bigger and make things more efficiently.
In my opinion, I think globalization is more good than bad for the world economy. It has helped many poor countries to develop and given people more choices. But I also think governments need to help workers who lose their jobs because of globalization.
To sum up, globalization has both good and bad effects on the world economy. I believe the good parts are more important, but we need to be careful to make sure everyone can benefit from it.
(Word count: 218)
Explanation of Band Scores
Band 8-9 Essay:
This essay demonstrates excellent control of language and addresses all parts of the task thoroughly. It presents a well-developed response with clear progression throughout. The arguments are coherent and well-supported with relevant examples. The vocabulary is sophisticated (e.g., “detrimental,” “stifle,” “homogenization”) and used accurately. There is a wide range of grammatical structures used flexibly and accurately. The conclusion effectively summarizes the main points and offers a clear opinion.
Band 6-7 Essay:
This essay addresses the task adequately but with less depth and sophistication compared to the Band 8-9 essay. The ideas are relevant but less fully developed. The language used is generally clear but lacks the precision and range of the higher band essay. There are some errors in grammar and vocabulary, but they do not impede communication. The conclusion restates the main points and offers an opinion, but it is less nuanced than in the higher band essay.
Key Vocabulary to Remember
- Globalization (noun) – /ˌɡləʊbəlaɪˈzeɪʃən/ – the process by which businesses or other organizations develop international influence or start operating on an international scale
- Outsourcing (noun) – /aʊtˈsɔːsɪŋ/ – the contracting of work to an external supplier
- Stifle (verb) – /ˈstaɪfəl/ – to prevent or constrain
- Homogenization (noun) – /həˌmɒdʒənaɪˈzeɪʃən/ – the process of making things uniform or similar
- Proponent (noun) – /prəˈpəʊnənt/ – a person who advocates for something
- Mitigate (verb) – /ˈmɪtɪɡeɪt/ – to make less severe, serious, or painful
- Interconnectedness (noun) – /ˌɪntəkəˈnektɪdnəs/ – the state of being connected with each other
- Harness (verb) – /ˈhɑːnɪs/ – to control and use (something) for a particular purpose
IELTS Writing Task 2 essay structure
In conclusion, mastering IELTS Writing Task 2 essays on global events and their impact on the world economy requires a deep understanding of economic concepts, current affairs, and the ability to articulate complex ideas clearly. Practice writing essays on similar topics, such as how global events impact economic growth or how climate change affects global economic stability. Remember to always analyze the question carefully, plan your response, and use a range of vocabulary and grammatical structures appropriate to your target band score.
We encourage you to practice writing your own essay on this topic and share it in the comments section below. This active practice is one of the most effective ways to improve your IELTS Writing skills and prepare for the exam.
