Globalization has a played a role in the development of the world since the 19th century and has impacted it not only domestically, but internationally, resulting in the decrease of poverty and better access to resources and commodities✔.
By nicolegrc
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History of Globalization I
“Globalization is not a new concept. Traders traveled vast distances in ancient times to buy commodities that were rare and expensive for sale in their homelands. The Industrial Revolution brought advances in transportation and communication in the 19th century that eased trade across borders…” (Bird and Kopp). Globalization has been around many years since the 19th century, and has changed the world throughout the process. ... -
History of Globalization II
... Years ago, people would travel countless miles to obtain goods that were not available to them. However, several years later the method of transportation and communication made it easier for those individuals who desired certain produce and merchandise. The level of development that Globalization has reached, surely has increased tremendously. It is no longer an issue or a difficult task, to purchase an item that was made in a different location. -
Definition of Globalization I
“the act of globalizing, or extending to other or all parts of the world….worldwide integration✔ and development" (Dictionary). Globalization consists of spreading across the world, creating and developing new ideas and methods of achievement. The aspect of it has established great change, along with new ways of prosperity. Without Globalization, more than half of the products available today, would only be able to reach certain areas of the world. This act has allowed for... -
Definition of Globalization II
...great accomplishments throughout history, and will continue to influence the world many years into the future. -
International Influence I
“manufacturing jobs from high wage to lower wage countries allows a greater number of people to live better than they did….some 600 million people have emerged from poverty in the last 30 years…” (Green).Globalization has grown to an extent, which has allowed it to make significant international changes. One notable difference,includes poverty and its decrease around the world. People are being introduced to numerous job opportunities which... -
International Influence II
...has bettered their way of life. Millions of people are now off the streets and employed because of globalization. -
Domestic Influence I
“In the United States, we have all observed the decline of industries such as steel, textiles✔, shoes, tires, and electronics” (Cavusgil)... -
Domestic Influence II
Globalization not only affects the international aspects of the world but domestic✔ as well. Although the increase in jobs all over the world has changed the lives of billions of people by offering employment, industries in the U.S are slowly lessening. It has become harder for industries to continuously grow, because of constant innovation. Globalization’s effect on domestic production has skyrocketed profits and has allowed for exponential growth. -
Conclusion
To sum up, Globalization is an act that has been around for several years, affecting the world along the way. Nations have been impacted, which can be seen through their poverty decrease. However the United States has shown a significant difference as well, as companies have expanded. These changes and affects have all been a product created by globalization. Similar to how immigration has also created and resolved international and domestic changes.
