Globalisation

Essay by v0504University, Bachelor'sC+, June 2005

download word file, 7 pages 3.8

Downloaded 331 times

Abstract

Globalization is a worldwide phenomenon where there is growth in the interconnectedness of the economies of the countries in the world. The signs of globalization can be seen from the increase in volume of international trade, the increasing number of trade agreements between countries, the growing interdependence between financial markets and more globalized workforce. More than just economic factors, globalization also has a great impact on sociocultural aspects. Globalization has helped reduce poverty in a large number of developing countries but it must be harnessed better to help the world's poorest, most marginalized countries improve the lives of their citizens and people to make their lives much better than before.

As one of the most well known debated topics in the International economics business over the past few years, globalization has become the very growing integration of economies and societies around the world. Rapid growth and poverty reduction in Asian and other countries that were poor a long time ago has been a positive aspect of globalization, but globalization has also generated significant and amazing International conflict over concerns that it has increased discrimination, inequality and environmental poverty.

Globalization nowadays is really fatal and important in human live. It brings chances and opportunities for so many countries, especially in their business and economic aspect. However, every case and term has its own negative side and disadvantages. By the globalization and rapid changes that are happening in this world, causing a really major pressure and desperation in environment.

Conclusively, through globalization human can get both positive and negative effect of globalization. The world should be able to adapt to changes that result from globalization, but also in the same time, human have to stay true to their personal beliefs that make each of us unique.

Globalization

In the recent years,