The Impact of Globalization

Essay by AJ056University, Bachelor's July 2013

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The Impact of Globalization

In today's modern world we take things for granted, such as the luxury of the Internet and cell phones, or how easy it is to communicate with someone half a globe away. Before 1989, people were confined in their own country and knew only what was going on in their country. Internet, emails, and cell phones were non-existent. Long distance communication was a hassle and obtaining information was not just a simple click away. When the Berlin Wall came down, it marked the official end of the Cold War System. People could start sharing ideas and innovations with the whole world and soon the Cold War system was replaced by the newer, faster, better system called "Globalization." The new system has revolutionized the way we communicate, do business, and Political changes in our government. Globalization has made the life of the people easier and better then ever before in human history.

Business now can do so much more internationally rather than being confined to serve locally. Globalization is not just another passing trend in the 20th century, it is here to stay and with time, it can only get better.

In Thomas Friedman's The Lexus and the Olive Tree, he defines globalization: "It is the inexorable of markets, nation-states and technologies to a degree never witnessed before-in a way that is enabling the world to reach into individuals, corporations and nation-states farther, faster, deeper, cheaper, than ever before" (Friedman, 9). The Cold War system is characterized by division, you side either with Russia or the United States. Your economic system is either communism or capitalism. The new international Globalization system is characterized by integration, your success depends on who are you connected to. In the Cold War system the United States and the Soviet Union...