GLOBLIZE THE WORLD

 Globalization is the process of interaction and integration among people, companies and government worldwide. This term globalization first appeared in 20th century. It become the most popular in the 1990s to describe the unprecedented international connectivity of the post cold war world. It's origins can be seen in the 18th -19th centuries due to advances in transportation and communication technology. The increase in global interactions has caused a growth in international trade and the exchange of ideas, beliefs and culture. Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects. However, disputes and international diplomacy are also large parts of the history of globalization and of modern globalization. 


Economically, globalization  involves goods, services, data, technology and the economic resources of capital. The expansion of global markets encourages the exchange of goods and funds. Though many scholars place the origins of globalization in modern times, others trace its history to long before the European Age of Discovery and Voyages to the New world, and some even to the third century drove a rapid expansion in the connectivity of the world's economies and cultures. Current Globalization trends can be largely accounted for by developed economies integrating with less developed economies by means of foreign direct investment, the reduction of trade barriers as well as other economic reforms and in many cases immigration. 

 

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