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The tendency of investment funds and businesses to move beyond domestic and national markets to 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 cultural exchange. Investopedia Says: The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper. Source: http://www.answers.com/globalization?cat=biz-fin&gwp=11&method=3&ver=2.3.0.609 International integration Globalization is the spreading of an idea, product, or technology around the world, social, economic, industrial.
Globalization brings the world closer in terms of culture and economy. In recent days we have witnessed both the pros and cons of globalization. It had brought opportunities in terms of better income and employment in sectors like Information Technology to countries like India, China etc, at the same time outsourcing is seen as a cause of job loss in US. Just few years back the global economic meltdown had caused recession in economic activities across the world which has been closely knitted by globalization. Despite all these I feel globalization in long term will be beneficial to the world because though it might create job loss in some particular sector in some countries, overall it brings better business opportunities, smoother international economic activities and bigger unexplored global market thereby creating more jobs than before across the world benefiting all the countries.
Pinpointing a starting date is important to understanding the effects of globalization on the peoples of the world because if the date is not that recent and really old, then the information is most likely not valid to people to use.
That the Gov't cannot interfere at all with commerce. One reason for the recent global economic depression.
It depends on how old they are. Recent ones (1950s and later) have not really increased much if anything.
Widened the income gap between rich and poor countries
Workers are going to developed countries in search of better-paying jobs.
The income gap between rich and poor countries has widened.
The Zika virus is the most recent example of disease spread as a result of globalization
It is from the 60's and 70's.
Recent is an adjective: 'The recent sales have increased our turnover'. Recently is the adverb: 'The sales we held recently have increased our turnover'.
The tendency of investment funds and businesses to move beyond domestic and national markets to 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 cultural exchange. Investopedia Says: The advantages and disadvantages of globalization have been heavily scrutinized and debated in recent years. Proponents of globalization say that it helps developing nations "catch up" to industrialized nations much faster through increased employment and technological advances. Critics of globalization say that it weakens national sovereignty and allows rich nations to ship domestic jobs overseas where labor is much cheaper. Source: http://www.answers.com/globalization?cat=biz-fin&gwp=11&method=3&ver=2.3.0.609 International integration Globalization is the spreading of an idea, product, or technology around the world, social, economic, industrial.
lifestyle changes
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the income gap between rich and poor countries has widened. -apex!
by a dum ask
the birthrate