Globalization
What Is Globalization
Globalization is the interaction and integration of people, businesses, and governments from various countries; it is fueled by trade and investment on a global scale and supported by information technology. The environment, culture, political structures, economic growth and prosperity, and physical health of people all over the world are all impacted by this process.
Negative Impacts:
wealth in richer countries
some poorer countries can be left behind
countries that arent wealthy can be exploited
of their labour and physical and intellectual resouces
increased standard of living
Positive Impacts:
a larger market for goods and services
cheaper consumer prices