Mista, Jan Reymond S.

BSBA FM-G1
THE CONTEMPORARY WORLD

MY PERSPECTIVE ON GLOBALIZATION

Globalization refers to a rise of interconnectivity and global trade, communication and finance
that has intensified in recent years. The term globalization has a wide range of meanings
depending on how it defined,but generally indicates the rapid spread of products and ideas
across the globe from Western world to the rest of the world. Globalization can contribute to
social and economic development by increasing access to resources,ideas,and opportunities for
economic growth. Globalization refers to a rise of interconnectivity and gobal trade,
communication and finance. The theory of globalization views these processes as a single
system. Countries have built economic partnerships to facilitate these movements over many
centuries. As with major tecnological advances, globalization benefits society, while harming
certain groups. Understanding the relative costs and benefits can pave the way for alleviating
problems while sustaining the wider payoffs. Globalization is the process by which ideas,
knowledge, information ,goods and services spread around the world. In business,the term is
used in an economic context to describe integrated economies marked by free trades,the free
flow of capital among countries and easy access to foreign resources, including labor markets,to
maximize returns and benefit for the common good. Globalization as it know in some parts of
the world, is driven by the convergence of cultural and economic systems. This convergence
promotes and in sime cases necessitates increased interaction,intergration,and
interdependence among nations. The more countries and regions, of the world become
intertwined politically, culturally,and economically, the more globalized the worlds becomes. The
world has become a playground for the middle and high classes, with lots of access to ideas
and products from many different countries. Globalization is an ongoing and ever-expanding
process of interaction, intergration and interdependence among people, nations,
companies ,and economies. But the term gained popularity after the Cold War in the early
1990s as these cooperative arrangements shaped modern everyday life. This guide uses the
term more narrowly to refer to international trade and some of the investment flows among
advance economies, mostly focusing on the United States. The wide-ranging effects of
globalization are complex and politically charged. Our goal is to increase the awareness of
globalization and its effects on the world economy. Globalization as it is known in some parts of
the world, is driven by the convergence of cultural and economic systems. This convergence
promotes and in some cases necessitates increased interaction, intergration and
interdependence among nations. The more countries and regions of the world become
intertwined politically, culturally and economically, the more globalized the world becomes. The
movement of goods and services, ideas,and capital across borders for the purpose of sharing
and improving products and practices in order to increase growth. Globalization is the process
by which countries,cultures and socities become connected through unprecedented means. It
impacts many aspects of our lives, such as our economy and culture but also affects how we
lived. Globalization is made up of many different components that are affecting society such as
migration,communications,and transportation. It is evolving globalization is a conglomerate of
many factors affecting life. It is made up of components such as communication and
transportation that are always changing. As technology advances,so does globalization.
Migration and transportation are easier than ever. Cultures are more global. You need exposed
to many different people from different countries. Being international is no longer a dream, but
part of life. Globalization is an ongoing process that is hard to define. It influences nearly
everything at this point, including culture, media, and technology. Globalization has directly
impacted our daily lives. It is an inevitable process that can lead to both beneficial and harmful
effects. Globalization isn't new concept. It's something that has been boiling up around the world
and it is just now becoming so very apparent. People are switching their lifestyles to have more
common with others around the world, and this idea is becoming progressively more accepted.
Globalization is the process people,ideas, cultures,goods, and services interconnected through
a network. It affects every aspect of our life. Things like trade and travel are very important
factors in globalization. Globalization is a process of internationalization, the relocation of
companies, and the increased flow of money in an ever-widening circle of economic
relationships. Globalization has opened up numerous new opportunities for investment, but it
also creates may challenges. For example, globalization brings conflicts to people as well
businesses because everyone wants to maximize their profits at the same time by using
different strategies and actions. The other major challenge is how much control a country can
retain while still being able to participate in globalization. Currently all countries are taking part in
globalization but some countries have decided to sacrifice their interests when they feel
pressured and threatened by other countries such as North America. Globalization is a process
of internationalization which, refers to the migration of companies and the flow of capital in an
increasingly wide circle of economic relationships. While globalization creates many
opportunities for investment, it also creates obstacles that hinder economic growth. For
example, many people have felt threatened by the differing cultural values of other countries.
They feel that globalization limits the way they are able to live there lives. Globalization refers to
the increase in the flow of commodities and services across borders. In other words, it is the
process by which different countries engage in economic activities with each other.