What is Globalization?
I often hear this term somewhere on the radio or television. Could someone please explain to me what it means? What is globalization?
I often hear this term somewhere on the radio or television. Could someone please explain to me what it means? What is globalization?
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Globalization is, in short, a process of integration between people, companies and governments of different nations, a process driven by international trade and investment and supported by information technology. The process of globalization affects the environment, culture, political systems, economic development and well-being, and the physical well-being of people in societies around the world.
Globalization is, in short, a process of integration between people, companies and governments of different nations, a process driven by international trade and investment and supported by information technology. The process of globalization affects the environment, culture, political systems, economic development and well-being, and the physical well-being of people in societies around the world.
Machine translated

Globalization is the spread of products, technologies, information and jobs across national borders and cultures. In economic terms, it describes the interdependence of peoples around the world, fostered by free trade.
On the one hand, globalization has created new jobs and economic growth through cross-border flows of goods, capital and labour. On the other hand, this growth and job creation is not evenly distributed across industries and countries. Particular industries in some countries, such as textile production in the US or corn cultivation in Mexico, have been severely disrupted or completely collapsed as a result of increased international competition.
Globalization motives are idealistic as well as opportunistic, but the development of a global free market has benefited large corporations based in the Western world. Its impact on workers, cultures and small businesses around the world, in both developed and emerging countries, is diverse.
Globalization is the spread of products, technologies, information and jobs across national borders and cultures. In economic terms, it describes the interdependence of peoples around the world, fostered by free trade.
On the one hand, globalization has created new jobs and economic growth through cross-border flows of goods, capital and labour. On the other hand, this growth and job creation is not evenly distributed across industries and countries. Particular industries in some countries, such as textile production in the US or corn cultivation in Mexico, have been severely disrupted or completely collapsed as a result of increased international competition.
Globalization motives are idealistic as well as opportunistic, but the development of a global free market has benefited large corporations based in the Western world. Its impact on workers, cultures and small businesses around the world, in both developed and emerging countries, is diverse.
Machine translated

Machine translated