Globalization Essay

1000 WordsMay 3, 20114 Pages
Content Globalization What is Globalization? Negative affects. Positive affects. Different ways it affects the world. Financial Industrial Cultural How it affects Trade. Developing countries. Conclusion. Bibliography Globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. globalization is usually recognized as being driven by a combination of economic, technological, political, and biological factors also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. An aspect of the world which has gone through the process can be said to be globalized. According to libertarians, globalization will help the whole world to deal with crises like unemployment and poverty. It will help us to raise the global economy only when the involved power blocks have mutual trust and respect for each opinion. Globalization and democracy should go hand in hand. It should be pure business with no colonialist designs. The way we have developed in the last ten years, globalization seems to have given us good returns. Globalization has made the life of the third world citizen completely a different story, and there are so many foreign companies that have made way to a brand name all over the world. Thanks to globalization there is a worldwide market for the companies and for the people there is more access to products of different countries. Developing countries have a steady cash flow due to the presence of a world wide market. Socially, countries have became more tolerant towards each other due to the increased interaction in this globalized world. Even the best of ideas have their disadvantages as well. Corporates have learned that

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