Globalization .. What in the world is it ?!

DEFINITION: Globalization is the coming together for a worldwide environment(celestew84). No more boundaries are made.

Pros & Cons

Globalization has negative affects as well as positive ones. When talking positively, globalization helps in different aspects. By international trade, industrial products and manufactured goods increase rapidly. Also, corporation have a greater capacity to interact and work across borders. There is a more active and rapid speed to transport goods from one place to another. With globalization, there is likely a minimal percent of chance to start a war between two developed nations. Culture emerges between the nations and one can learn from the other. More jobs will be offered to unemployed people and this will increase the economy. This globalization has good points, yet it still has its negative points. Such as diseases and infections could propagate quickly within nations. An important con is that most people are starting to lose their cultures. By having interactions with other nations and learning about their cultures, some people forget about theirs. Another con is that some people are losing jobs and companies are decreasing because of the high profits. To finalize, globalization is in both ways good and bad.

Citation:

http://en.wikipedia.org/wiki/Globalization#Pro-globalization_.28globalism.29

http://www.darkseptemberrain.com/ideas/advantages.htm

http://answers.ask.com/Society/Other/what_is_globalization