Globalization is the integration of world economies (Questia, 2004). It affects productivity, imports and exports, technology and growth rates.

globalization is the integration of man economies (Questia, 2004). It affects productivity, imports and exports, technology and growth rates. Globalization has croak identified with a sum up of tr overthrows, most(prenominal) of which have essential since World War II. These include great planetary tendency of commodities, money, information, and people; and the development of technology, organizations, legal systems and infrastructures to whollyow movement. more than specific whollyy, globoseization refers to:         Increace in supranational trade at a quick rate than the growth in the world parsimony.         Increase in international flow of capital including foreign direct investment.          great transborder data flow, using much(prenominal) technologies such as the internet, comnmunication satellites and telephones.          great international cultural exchange, for example finished the export of Hol lywood and Bollywood movies.          gap of multiculturalism and better individual access to cultural diversity, with on the new(prenominal) hand, some reduction in diversity finished assimilation, hybridization, Westernization, Americanization or Sinoization of cultures.         Erosion of national sovereignty and national borders through international agreements leading to organizations like the WTO and OPEC.         greater international travelling and tourism.         Greater immigration, including illegal immigration.         Development of global telecommunications infrastructure.         Development of global pecuniary systems.         Increase in the share of the world economy controlled by multinational corporations.         Increase role of international organizations such as WTO, WIPO, IMF that deal with international transactions.

        Increase in the number of standards utilize globally; e.g. copyright laws.         Creation of local clusters of competence (Porters Clusters) having world wide competitive advantage. (encyclopedia.the exoneratedictionary, 2004) Many of these trends are seen as compulsive by supporters of various forms of globalization, and in many cases globalization has been actively promoted by governments and other institutions. For example, there are economic arguments bread and butter globalization, such as the theory of comparative advantage suggesting that dislodge trade leads to a more efficient allocation of resources, with all those involved in. .. well thought out, just doesnt seem to crusade to adopther, not sure you exactly got your point across, also id never end a paper with a quote. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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