Globalization Advantages and Disadvantages

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

Globalization is the process by which states become interdependent on each other on all spheres of life. It is a process where countries go global by adapting universal characteristics involving human race. It is therefore the process of uniting people of the world into one unit with universal characteristics. This characteristics include; systems of education, politics, democracy, economy among many others. Through globalization economies, civilizations and societies become integrated into a globalised arrangement of political ideas.

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

According to our reading assignment 'Globalization 101', globalization is "a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology."

Globalization is a process of interaction and integration among the people, economies and governments of different nationalities. Globalization is not new, over thousands of years globalization has progressed through travel, migration and the spread of culture. Globalization has an overwhelmingly positive impact to most countries in terms of economy, political, and culture. In the article “Foreign Affairs; Politics In the age of Nafta” by Thomas L. Friedman, he stated that when he went to Asia, where Australians held their national election campaign, the campaign revolved around biscuits and bathing suits.

Globalization describes the interdependence of nations, the opening up of markets through the removal of trade barriers, foreign direct investment, and enhancing of technological communications. Moreover, it is the shift towards the

Globalization to me is when countries around the world expand their economic and financial dealings, communications, and political and cultural views with other developed and developing nations, with the hope of expanding worldwide economic growth and lessening poverty. International trade is a means of accomplishing this end.

Globalization is an appealing concept that has many various interpretations and definitions. Globalization is the expanding connectivity and interconnectedness between diverse geographic nations to increase the efficiency of providing goods, enhancing relationships of cultures, economics, and technology to state

Globalization has a positive side as well. Supporters of globalization fight that it can enhance this world a spot to live and will deal with some significant arranged issues like unemployment and desperation. The fringe are getting a chance to appear on the planet market.

Globalization is the process in which people, ideas, and goods spread throughout the world, spurring more interaction and integration between world cultures,

Globalization is the process of interaction and integration of people, companies and governments of different nations. The process is driven by international trade, investment and information technology. (Globalization 101, 2015). Basically, globalization is what happens when countries do something together and how it is affected throughout the world

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative.

Globalization is the process of increased interconnectedness among the countries most in the most known popular areas of economics, politics, social, and culture. All of these areas are key aspects of each country and what makes them individualized. Globalization allows for countries to be able to be individuals without the conflict of their differences because of the power used to work as a whole globe. Globalization is a positive thing for the entire world, it allows for lots of development in our world by the connection there is between all of the countries interdependence on each other. The different points of globalization claim that it will lead to convergence of income, access to knowledge and technology, consumption power, living standards, and political ideas.

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.