Globalizasion

Globalization

"Globalization refers to a set of processes that increasingly make the parts of the world interdependently integrated. It is a historical process, the result of human innovation andtechnological progress. It refers to increasing integration of economies around the world, particularly through trade and financial flows."(Robert and Hite page 16) Many people view globalization indifferent ways. Some view it as a process that is beneficial a key to future world economic development and also inevitable and irreversible. Some view it with hostility, even fear, believing that itincreases inequality within and between nations, threatens employment and living standards. Globalization offers extensive opportunities for truly worldwide development but it is not progressingevenly. Some countries are becoming integrated into the global economy more quickly than others. "What globalization means in structural terms, then is the increase in the available modes of organization:transnational, international, macro-regional, national, micro-regional, municipal, local. This ladder of administrative levels is being criss-crossed by functional networks of corporations,international organizations and non-governmental organizations, as well as by professionals and computer users." (Lencher and Boli page103)

The term globalization has come into common usage since the 1980s,reflecting technological advances that have made it easier and quicker to complete international transactions both trade and financial flows. It refers to an extension beyond national borders of thesame market forces that have operated for centuries at all levels of human economic activity.

In my personal opinion I think that the globalization has both good and bad because it can we achievea world mixed with various cultures.

it may be that we find more job opportunities and a balance between countries. But may also be more racism or that a country is advanced over another or take...