In recent years, the topic of economic globalization and its effects on local businesses has gained significant traction in both academic circles and popular media. This issue is pertinent to candidates preparing for the IELTS Writing Task 2, as it encapsulates both economic and social dimensions, crucial for the high bands of this section.
Sample Essay Topics:
- “Economic globalization has positively and negatively influenced local businesses. Discuss both views and give your opinion.”
- “The process of economic globalization has led to the decline of small local businesses. To what extent do you agree or disagree?”
- “Examine the effects of economic globalization on local businesses and suggest possible measures to support them.”
Chosen Topic for Sample Essay:
“Economic globalization has positively and negatively influenced local businesses. Discuss both views and give your opinion.”
Analysis of the Task:
- Task Type: Discuss Both Views and Give Your Opinion
- Keywords: economic globalization, local businesses, positive effects, negative effects
- Instructional Words: Discuss both views, give your opinion
Sample Essay:
Economic globalization has been a double-edged sword for local businesses worldwide. On the one hand, it offers opportunities for growth and access to global markets, but on the other hand, it poses significant challenges that threaten their existence. This essay will discuss both the positive and negative impacts of economic globalization on local businesses and provide my own perspective.
To begin with, economic globalization has facilitated unprecedented access to international markets. Local businesses can now sell their products and services beyond their geographical borders, dramatically expanding their customer base. For example, a local handicraft shop in India can export its goods to Europe and America through online platforms. This not only increases the business’s revenue but also enhances its global reputation. Furthermore, globalization provides local businesses with access to advanced technologies and innovations from around the world. This can lead to improved operational efficiencies and product quality, giving them a competitive edge in the local market.
However, the negative impacts of economic globalization on local businesses cannot be overlooked. The influx of multinational corporations into local markets poses stiff competition to small and medium-sized enterprises (SMEs). These corporations often possess vast resources and advanced technologies, making it difficult for local businesses to compete. For instance, the entry of global retail giants like Walmart has led to the closure of several small grocery stores and local retail shops. Additionally, economic globalization can lead to a homogenization of cultures and a loss of local traditions and craftsmanship as businesses tend to adapt to global market demands rather than preserving their indigenous qualities.
In my opinion, while economic globalization provides significant growth opportunities for local businesses, the challenges it presents need to be carefully managed. Governments should implement policies that protect and support local businesses, such as providing subsidies, reducing taxes, and promoting local products. Moreover, local businesses themselves need to innovate and adapt to survive in the global market while preserving their unique characteristics.
In conclusion, economic globalization has a profound impact on local businesses, presenting both opportunities and challenges. While it opens up new markets and access to technology, it also brings about fierce competition and the potential erosion of local culture. Striking a balance between embracing globalization and preserving local identities is crucial for the sustainable development of local businesses.
(Word count: 372)
Notes on Writing:
- Vocabulary: Use of high-level vocabulary such as “unprecedented,” “homogenization,” “indigenous.”
- Grammar: Complex sentence structures, use of passive voice, conditionals, and comparative phrases.
- Cohesion: Transition words and phrases like “To begin with,” “However,” “In my opinion,” “In conclusion” help in maintaining the flow of the essay.
Difficult Vocabulary:
- Unprecedented /ʌnˈprɛsɪdɛntɪd/ (adj.): Never done or known before.
- Homogenization /həˌmɒʤɪnaɪˈzeɪʃ(ə)n/ (n.): The process of making things uniform or similar.
- Indigenous /ɪnˈdɪʤɪnəs/ (adj.): Originating or occurring naturally in a particular place; native.
- Operational efficiency /ˌɒpəˈreɪʃənl ɪˈfɪʃənsi/ (n.): The capability of an organization to deliver products or services in the most cost-effective manner.
- Subsidies /ˈsʌbsɪdiːz/ (n.): Financial assistance provided by the government to support businesses.
- Erosion /ɪˈrəʊʒən/ (n.): The gradual destruction or diminution of something.
Conclusion:
This essay outlined the dual impacts of economic globalization on local businesses, discussing both the opportunities and challenges. For continued practice, consider tackling other related topics such as:
- “The impact of e-commerce on small businesses”
- “How globalization affects employment opportunities”
- “The effects of global trade on local economies”
By understanding and practicing these topics, you can improve your writing skills and be better prepared for the IELTS exam.