Globalization And Division Of Labor

Satisfactory Essays
What is globalization?
Globalization is the process of the world becoming better communicated, which promotes the adoption of common cultural aspects, the international exchange of goods and services, and foreign investments, thus creating a global market and encouraging division of labor.
Is it good, bad, or inevitable?
I think it is both good and inevitable. Since globalization involves a global market and division of labor, companies are required to become quite efficient and specialized in order to be competitive. This drives technological innovation and also makes available a wider and more affordable range of products. Besides of being good because of the aforementioned reasons, I also think it is inevitable as progress is closely related
Get Access