Globalization Is A Process Of Interaction And Integration Among The People

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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. 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. Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations…show more content…
| Globalization101," n.d.). Globalization has a history going all the way back to the first movement of people outside of Africa into other parts of the world. Before researching the topic of globalization I had the assumption that it was a fairly new phenomenon, but after doing research it was extremely interesting learning about the origins dating all the way back. Globalization has many elements associated with the process. “Globalization can be considered a process: a lengthy and often times convoluted process in which movement in one direction or the other is estimated by porous boundaries, shifting alliances, and seemingly contradictory patterns. The major elements of globalization - the impact of trade agreements; the fetters on cross- border capital movements; the effects of migration patterns; the accessibility and transparency of information; and the spread of technology – ebb and flow from the vicissitudes of political, cultural, and economic conditions.” ("BERA: Issue 1 Globalization (Business Reference Services, Library of Congress)," n.d.). The Pros and Cons of Globalization Globalization is an extremely complicated issue, especially for poor nations who really do not benefit from all that globalization can provide to developed nations.
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