Globalization The Globalization is a process that started with the migration and international trade. Also globalization is the term used to refer at an economic order that consist in the reduction of barriers to international trade, for example tariffs, export fees, and import quotas that started the unification between the countries. The regional economies, societies, and cultures have become integrated through communication, transportation, and trade thanks to the main globalization’s objective, that consist of increase material wealth, goods, and services through an international division of labor boosted by international relations, specialization and competition. In this sense, globalization can be considerate as the widening, intensifying and speeding up of the economic, making the boundary between domestic matters and global affairs become increasingly blurred with monetary flows between countries, interaction and power. Advantages and Disadvantages:
Advantages:
The opening up of capital markets increasing the flow of money across the world.
Global communications. (E.g.: Chat, e-mail)
Trans-culturation.
Organization of transnational production.
Increase in trade.
Speed of transport and cost transportation most low.
Liberalization trade.
Increase in foreign investment.
Development of new technology.
Disadvantages:
Global problems. (E.g.: the warming of the earth’s atmosphere)
Economic crisis.
Examples: The globalization effects on the environment is the most controversial topic that forms part of a global problem, this year was held the General Assembly of the United Nations where was one of the main issues discussed. Other example of globalization is the global company named McDonalds that is well known everywhere and maintains the same style from one country to another.
The Globalization is a process that started with the migration and international trade. Also globalization is the term used to refer at an economic order that consist in the reduction of barriers to international trade, for example tariffs, export fees, and import quotas that started the unification between the countries.
The regional economies, societies, and cultures have become integrated through communication, transportation, and trade thanks to the main globalization’s objective, that consist of increase material wealth, goods, and services through an international division of labor boosted by international relations, specialization and competition.
In this sense, globalization can be considerate as the widening, intensifying and speeding up of the economic, making the boundary between domestic matters and global affairs become increasingly blurred with monetary flows between countries, interaction and power.
Advantages and Disadvantages:
- Global problems. (E.g.: the warming of the earth’s atmosphere)
- Economic crisis.
Examples:The globalization effects on the environment is the most controversial topic that forms part of a global problem, this year was held the General Assembly of the United Nations where was one of the main issues discussed. Other example of globalization is the global company named McDonalds that is well known everywhere and maintains the same style from one country to another.