Purpose Statement: The purpose of this speech is to inform the audience about the pros and cons of globalization

Purpose Statement: The purpose of this speech is to inform the audience about the pros and cons of globalization.

1. Introduction
2. Attention getter: According to Rothfeder (2015), twenty years ago, globalization was introduced as a tactic for economic development for poor and rich countries in the world. In the U.S. and Europe, customers anticipated purchasing low-priced items made by people that were miles away and whose salaries were much lower than theirs. In time, economists hoped that trade barriers would decrease to support more multinationals corporations, increase financial gains, and boost geopolitical cooperation.
3. Relevance: Globalization was meant to be a rising tide for developing the economic status of both poor and rich states. Over the years, experts such as Pope Francis and Jonathan Haidt have presented their arguments on globalization and its positive and negative effects. Still, they did not come to any conclusion on the matter.
4. Credibility: Understanding the costs and benefits of globalization can create a way for alleviating problems while maintaining more substantial gains.
5. Thesis Statement: There is no question that globalization has resulted in the economic development of states and enables people to connect with their loved ones. However, globalization undermines the uniqueness of cultures and democratic capitalism.
6. There are many pros and cons of globalization, but I will emphasize economic development, interconnectedness, national democracy, and cultural heritage.

Transition: Let me begin my first point by examining the pros of globalization.

1. Body
2. Globalization brings people together.
3. a) Technology in the 21st century allows people to communicate with their loved ones from anywhere in the world. People also travel in different parts of the world and interact with people of diverse cultures.

Transition: The second advantage of globalization is that it increases the wealth of states.

1. Globalization results in the economic development of states.
2. a) A free-market society enables countries to buy and sell commodities from other countries and make profits. For example, according to Dorfman (2016), American customers save hundreds of billions of dollars per year on the products they buy from other states in the world.

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Transition: In contrast, globalization also has some disadvantages.

1. The process of a free market society creates conditions that undermine either the progress of a free market society or democratic capitalism.
2. a) For the free market initiative to work, states are required to reduce the salaries of their employers and cutbacks on essential government programs (Stiglitz, 2019). In return, this has resulted in increased unemployment and poverty in the world.

Transition: Globalization can also result in the extinction of cultural traditions.

1. Globalization also undermines the uniqueness and individuality of people and societies.
2. a) Some cultures have abandoned their ways of life to emulate western cultures. For instance, some have neglected their language for the American and British English slang.

Transition: Globalization was initially established to create positive change in societies. However, it has some negative aspects that can bring down nations.

1. Conclusion
2. Even though globalization increases wealth and interconnectedness, it also undermines democratic capitalism and cultural heritage.
3. Globalization cannot be stopped, and people should adapt to both positive and negative aspects.
4. As Collins argued, “Globalization is like being overwhelmed by a snow avalanche. You can’t stop it; rather, you can only swim in the snow and hope to stay on top.”