Globolisation Essay

The world is changing due to globalization, in the economic and cultural activities across the world, globalization has made sense of connectivity and interconnectedness and it has been growing for centuries. Dating back to when globalization started, it’s a term that came into popular usage in the 1980's and was spurred by a combination of advances in transport and communications technologies and the choice of large developing countries to seek foreign investment and open themselves up to international trade.

It also describes the increased movement of people, knowledge and ideas, and goods and money across national borders that have led to increased interconnectedness among the world's populations, economically, politically, socially and culturally. Globalization is thought of in terms of the challenges it poses to the role of governments in international affairs and the global economy, but many in local countries link globalization with modernization.

According to David Dollar (2004) Globalization is the growing integration of economies and societies around the world.

Figure 1| Dimensions of Globalization

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Economic Dimensions are enormous growth in trade or direct investments, globalisation of the financial markets as a prime example, transnational integrated production, location competition of states and regions, end of national economies.

Environment are global problems such as the global warming, and the deforestation of the tropical rain forests best illustrate globalisation, since global problems are clearly being dealt with which need to be approached on a global level. Despite this, regional and local problems also exist concerning the environment, even if they demonstrate cross-border character, such as the pollution of rivers.

The Social Dimension; The world is turning into a 'global village', new communication societies (chat, e-mail) communicating across great distances are being added to traditional societies such as...