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Globalization refers to several different concepts all rolled into one package. It may
refer to the ease in which businesses conduct operations in different countries other
than their own. Some look at this subject as a way to create a world without national
borders. There are concepts of communication, information access, and technology
development to consider when looking at this subject matter too.
Even though the geographic size of our planet remains consistent, how we interact
with each other is changing by the minute. Despite more than 200 countries
independently working for their best interests, we all come together in ways to make
the world a better place. If you have access to a computer or mobile device with data
or an ISP, then you can communicate with anyone else in the world with the same
setup.
We are closer than ever before. That closeness also means that groups of people are
further apart than ever before. Neighborhoods form around common interests or
political perspectives more than our common humanity. Travel restrictions dictate
where some people can go, and others cannot.
When nations work together to fund common goals, then more money becomes
useful for needs other than national defense. Imagine what we could do if the $1
trillion spent annually on warfare and defense could be used for the global greater
good?
5. Globalization would remove tax havens for wealthy individuals and businesses.
Tax havens are defined as either a country or independent area where taxation levies
are at low rates. They offer foreign businesses and individuals an opportunity to keep
their profits in local institutions with little or no liability. These havens share little, if
any, information about these finances with other tax authorities.
There are currently over 1,500 different restrictions in place with the global
import/export market right now.
When you look at the per capita consumption rates of energy globally, one American
consumes as much energy as 31 people in India. If you go to a developing nation, it
takes 370 Ethiopians to use the same amount of energy that a single U.S. citizen
uses to meet their needs.
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