 Economic globalization is a process where we build up relationships to the world

economies by having a cross-border trade of products, commodities, services,

and wares. How did this happen? Due to increasing evolution of technology and
using it as an efficient way to transact or trades.
The evolution from Science and Technologies greatly affect from the economic
globalization. It reduced the cost of transportation and communication to different
country or state.
For the last decades, there has been an increased growth in world economy. In
the modern world market economic system has been fast spreading through the
world. Without the advancement of Science and Technology, transportation,
communication, and possibly Economic globalization would not exist. In simple
definition, Economic globalization is an international movement of goods that
widespread everywhere, it aims to benefit some individual economies throughout
the world by producing more efficient, growth of competitors, resolving military
conflicts, and distributing wealth more equally. Economic globalization has
positive and negative impact. Some argue that economic globalization rises new
industries and jobs in certain parts of developing countries, however the negative
impact that it gives, it is making poor countries poorer. Rich countries or
developed countries force poorer countries to do what they will tell them to do.
Some of the critics or against to the economic globalizations are anti-poverty,
campaigners, and trade unionists. Globalization only works to some rich
countries that continue to dominate to the world by trading expenses to another
developing countries.
To some developing nations, it has led to an improvement living through some
improved health cares, transportation, and most likely from education.
 Economic globalization is usually considered as a new phenomenon, however
contact between diverse individuals is not new, it began when prehistoric people
fight for dominance to another tribes. Gills and Thompson (2006: 1) believe that
globalization started ever since homo sapiens began migrating to populate to
another country. Frank and Gills (1993: 3) also believe globalization started
much longer, it exists in the past 5,000 years ago. They believe that there was an
existence of the same world with the same world system in the past. Adam Smith
(1776) considered the discovery of America by Christopher Columbus and the
discovery of the direct sea route to India by Vasco de Gama are the two greatest
achievements in human history. Centuries later, Technological advancement
began blooming and created a new definition to our existence and one of the
greatest achievements that people achieved. In nineteenth century, the annual
average compound suddenly increased and bloom. This is all the result of
industrial evolution, Railroads and steamships reduced the cost of transactions
and strengthened both internal and international exchange.