Globalization for kids

Globalization

Globalization refers to the trend toward countries joining together economically, through education, society and politics, and viewing themselves as part of the world as a whole.Globalization is said to bring people of all nations closer together, especially through a common medium like the economy or the Internet.

Because of modern modes of travel and communication,citizens of a nation are more conscious of the world at large and may be influenced by other cultures in a variety of ways.

Arguments for globalization include the following:
• It is reducing povertyworldwide.
• It is allowing access to technology in developing countries.
• It promotes world peace.
• It has benefited women and children’s rights.
• It raises life expectancy.

Argumentsagainst globalization are likely to come from people or nations who wish to resist trends in the global society.
• Fundamentalist Islamic countries may resist globalization because they see it asequivalent to westernization
• Globalization may be a matter of a concern to any country with strong isolationist policies like Cuba , North Korea or Venezuela.

Globalization is an inevitablephenomenon in human history that's been bringing the world closer through the exchange of goods and products, information, knowledge and culture.

Supporters of globalization say countries like China,India, Uganda and Vietnam that have opened up to the world economy have significantly reduced poverty.
Critics argue that the process has exploited people in developing countries, caused massivedisruptions and produced few benefits.

History of Globalization

The most recent wave of globalization, started in 1980, spurred by advances in transport and communications technologies and by largedeveloping countries opening up to international trade.

The first wave lasted from 1870 to the start of World War I. It was stimulated by advances in transport and reductions in trade barriers....