Essay Creating a Better Future Through Globalization

1536 Words7 Pages
The term “globalization” was known in the common vocabulary in the 1980. It is used to describe the increased movement of people, knowledge, goods, and money across national borders. It has led to increased interconnectedness among the world's populations, economically, politically, socially and culturally (T. L. Friedman 6-14) . Even though globalization often is thought of in economic terms, this process has many social and political implications as well. The globalization of today’s world through technology creates an intercultural phenomenon that has never been seen before. Not only are jobs and services more readily available to all people in the world, cultures are also meeting on all levels.
In today’s world, national economies are
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The journalist knew that there was a new system developing for international relations, but he could not define what it was. In this Post-Cold War World the journalist wrote that we were in a new international system which had its own unique logic, rules, pressures, and incentives and, thus, deserved its own name: “Globalization.”
Nowadays, there are debates about the positive and negative effects of globalization. Many people believe that globalization has the potential to make societies richer through trade and sharing of knowledge and information around the world. However, there are many others who see globalization as a contribution to the exploitation of the lower class by the upper class. They consider it a threat to traditional cultures by modernizing society. Many people relate globalization with “modernization” and as a transformation of “traditional” societies into "Western" and industrialized ones. As a result of this phenomenon of global expansion, several important economic, cultural, and political developments have occurred (Stiglitz).
Increasingly, over the past two centuries, economic activities have become more globally oriented and integrated. Friedman argues that it is no longer meaningful to think in terms of national economies; international trade has become a central part of most of the local and domestic economies around the world. According to Joseph E. Stiglitz, “this phenomenon is the closer integration of the
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