Globalization impacted the expansion of international, cultural, economic, and political activities, resulting in the communication of countries around the world, much like a giant wave, that can either capsize nations or carry them forward.
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Definition
As stated on dictionary.com "(globalization is) the act of globalizing, or extending to other or all parts of the world (and an example of) worldwide integration and development". In other words, globalization is a process in which people and goods move across borders. A prime example of globalization is trade. Trade has expanded due to improvements in transportation, political stability, and cooperation. -
International Globalization
Countries with positive relations between them are able to unify their economies through increased investment and trade (wordpress.com).
Globalization has had the effect of increased competition. Globalization has facilitated this and made the transition to global markets easier. Trade is a prime example of International Globalization because it shows the importance of coming together and enhancing the growth of international trade and transportation. -
Domestic Globalization
"Globalization has (helped) … the United States to figure out a way to deal with this deficit if it is to stay the extremely powerful nation it is today" (wordpress.com). Globalization has greatly impacted the United States and American citizens. First, globalization has spread American influence throughout the world. ...Globalization also allows for cheaper products for Americans to purchase and lower prices. This is due to the cheaper labor that makes the product. -
History 1
Globalization was accelerated in the nineteenth century with the Industrial Revolution, as mechanical mills and factories became more common. Many companies used raw materials from distant lands. They also sold their goods in other countries. (History.com. “Industrial Revolution.”). -
History 2
Globalization is the connection between different parts of the world. Globalization results in the expansion of international cultural, economic, and political activities. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.
