Globalization

In: Business and Management

Submitted By 10doshnumber10
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What is globalization?

Countries of the world have always had a tendency to merge together given all circumstances. Even during ancient times traders would move out of their territories, kings went over to far off lands and so on. All these people had different motives; however it somehow linked up to the same thing. The result was integration of different societies. There has always been a need to connect with others.

Looking into a more modern perception globalization describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. Nowadays communication is no longer too much of a worry given all the modern developments that have come along to make our lives easier. And so people of various economies, culture, traditions, religions etc all have united in various ways in order to work together. The world is no longer all too foreign as it is considered to be a locality as well. No matter what the differences, everybody tends to have similarities as well.

In order to derive their needs people have also decided to get accustomed to other’s ways of lives as well such as learning different languages etc. And because of this adaptation it is easier for them to integrate and work to achieve goals faster and with better results. Politicians and businesspeople have come under the same platform in order to reach agreements. Altogether the world has benefited a lot because of the rapid globalization.

However with every good there is also a bad. Globalization has allowed countries to be ranked and compared which means some countries are looked upon as weak while some are viewed as strong. This has given way to discrimination and other problems. Also some major wars (eg. World War I and II) have occurred because of countries not coming to…...

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