4. DEFINITION
Globalization is a process of interaction and integration
among the people, companies and government of different
nations, a process driven by international and investment
and aided by information technology.
6. GLOBALIZATION
The integration of national economics into the
international economy through trade, foreign direct
investment, capital flows, migration and the spread of
technology. This process is usually recognized as being
driven by a combination of Economic, technological,
Socio-cultural, Political and Biological factors.
7. ADVANTAGES OF GLOBALIZATION
Under the process workers can move from one
country to another to find better employment
opportunities.
Globalization not only brings physical capital stock
and technical innovations.
It increased the volume of trade between different
countries. This has reduced the cost of many products.
8. DISADVANTAGES OF GLOBALIZATION
It has increased the level of poverty and inequality
in developing countries.
The process also has negative impact on the
environment because global companies generally set
up polluting industries in poor countries, destroy
forest wealth and natural recourse.
9. CONCLUSION
Globalization is a broad, contentious, multifaced issue that affects
people and cultures around the world. Whether your project is a short
paper giving an overview of one of the myriad issues globalization
raises, the conclusion of your globalization.
Summarize the main finding or investigative topic of your globalization
project and reiterate why it is important. A project summery often
works well as the first part of a conclusion. For example, if your
project concerned the effects of globalization on “food sovereignty” in
Third World countries, you could start your conclusion by writing, “ the
question of how globalization affects the food sovereignty in third
world countries is vitally important because food sovereignty, or lack
thereof, may affect a country’s social and even political stability.
