What is the significance of globalization?

Answer 1

"Global sourcing is designed to reduce costs and increase efficiency by buying products and services all over the world. Sometimes it can save money, other times it reduces service quality and increases transportation costs so the saving are not significant."

Answer 2

yes. We can get the benefits of medicine and procedures into more hands

and save more lives and make others live better, happier lives.

We can take SOME technologies into places that can speed up other

"dragging", slow parts of society........example, instead of waiting for

camels to bring mail, cargo and people, if a sender uses other transport

means, everyone gets things sooner and does not waste time.

negatively, wars are started easier and just plain harm to others is easier to

create with Globalization.

Answer 3

Globalizations is the start of nations relying on each other's economy. It deals with the spread of information technology, financial flows and cultural transfers.