What is Globalization?
Globalization is the comprehensive term for the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Globalization tells us about the growing economic, political, technological, and cultural connections that connect individuals, communities, businesses, and governments around the world. Globalization also involves the growth of multinational corporations (businesses that have operations or investments in many countries) and transnational corporations (businesses that see themselves functioning in a global marketplace). The international institutions that oversee world trade and finance play an increasingly important role in this era of globalization.
Causes of globalization:
The three major components of international market integration: trade, multinational production, and international finance Advances in communication, transportation, and information technologies
The main positive effect of globalization:
Globalization has opened up broader communication lines and brought more companies as well as different worldwide organizations into other countries. This provides opportunities for not only workingmen, but also women, who are becoming a larger part of the workforce. With new jobs for women, there are opportunities for higher pay, which raises self-confidence and brings about independence. Also the positive effects are a sharing of basic knowledge, technology, investments, resources, and ethical values. The main negative effect of globalization:
The main negative effect of globalization is that it's not an equal process, and often the link is only one way, ex. resources going out of Iraq, India ect, with nothing of equal value going back in. Also the negative effects are the rapid spread of diseases, illicit drugs, crime, terrorism, and...