Post
Topic
Board Economics
Re: Impact of Globalization on the Local Economy: Good or Bad
by
Linggajanitra
on 28/06/2024, 08:09:07 UTC
Yes, as we know, globalization is a process that we cannot avoid. Rejecting globalization is the same as rejecting progress and development today.
As is the case in Indonesia, we are faced with various problems related to the increase in the number of foreign workers entering Indonesia. In recent years, there has been a lot of news about the large number of foreign workers entering Indonesia, this is due to increased investment in several sectors such as industry and mining.
This problem continues with the loss of jobs for local residents due to digital. Many job opportunities have been shifted due to technological factors in this sophisticated era. Like workers or employees who originally worked, but nowadays they can be replaced with production machine/robot technology. Store openers compete with online stores, and many more.
We must be able to acquire new skills to adapt to these existing changes in order to keep up with the global labor market. Although globalization brings many impacts on the economy such as rapid economic growth. But as rapid economic growth continues, this can also increase social and economic disparities in society and countries.

But with this globalization, there are several good impacts for society.
First, technological developments are increasingly rapid throughout the world, such as cellphones, laptops, motorbikes and others. This openness of information also makes it easy for industry players to imitate one or several other production businesses.
Second, globalization also causes competition in getting jobs. This competition must be faced with a passion for learning. This is because in the future competitors will not only come from their own country but also from foreign countries.
Third, in terms of economic globalization, this also makes it easier to sell production products from within the country to abroad.
Fourth, in this era of globalization it also provides convenience in the exchange of information which causes foreign cultures to easily enter a country, so that these cultures will develop in that country.
And there are still many positive impacts on the era of globalization in this modern era.