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The term Globalization refers to processes of international integration arising from the interchange of world views,

The term Globalization refers to processes of international integration arising from the

interchange of world views, products, ideas,

and other aspects of culture. Advances in transportation and telecommunications

infrastructure, including the rise of the

telegraph and its posterity the Internet, are

major factors in globalization, generating further interdependence of economic and cultural activities.

The tendency of investment funds and businesses to move beyond domestic and national markets to

The tendency of investment funds and businesses to move beyond domestic and national markets to other
other markets around the globe, thereby increasing the interconnectedness of different
other markets around the globe,
thereby increasing the
interconnectedness of different

markets. Globalization has had the

effect of markedly increasing not only international trade, but also
effect of markedly increasing not
only international trade, but also

cultural exchange.

. More efficient markets Efficient markets should be what every economy strives for. Essentially, the sign

. More efficient markets

Efficient markets should be what every economy strives for. Essentially, the sign of an efficient market is where there is

an equilibrium between what buyers are willing to pay for a

good or service and what sellers are willing to sell for a good or service.

. Increased competition

Anytime that you have multiple producers competing for a

hold of the economy, that’s a good sign for consumers, as

the quality of goods and services often goes up as a result.

. Stabilized security

When your economy depends largely on another country’s

economy, it is hard to imagine either one of the countries

attacking the other. In a weird sort of way, globalization

helped heighten world security.

In order to cut down costs, many firms in developed nations have outsourced their manufacturing and

In order to cut down costs, many firms in developed nations have outsourced their manufacturing and white-collar jobs to Third-World countries like India and China, where the cost of labor is low. The most prominent among these have been jobs in the customer service field as many developing nations have a large English-speaking population - ready to work at one- fifth of what someone in developed world may call 'low-pay'.

This has caused a lot of resentment among the people of

developed countries, and companies have been accused of taking their jobs away. Another problem is that many Americans are not satisfied with the level of customer service that they are subjected to, and this has caused a lot of

animosity among people and has added to the dissent that

people already have against outsourcing.

There are various schools of thought which argue that globalization has led to an increase in activities such as child labor and slavery. In countries with little or no accountability, corporations employing children can work smoothly by bribing the officials, which may result in an increase in illegal activities. Critics opine that globalization has resulted in a fiercely-competitive global market, and unethical practices in business is a by-product of this.

Globalization is a broad, contentious, multifaceted issue that affects people and cultures around the world. Whether

Globalization is a broad, contentious,

multifaceted issue that affects people

and cultures around the world. Whether your project is a short paper giving an

overview of what globalization is -- or a

detailed examination of one of the myriad issues globalization raises, the conclusion of your globalization project should reiterate your project's main point and offer thoughts, actions and points of examination for increasing our

understanding of globalization.