Globalization is the integration of world economies (Questia, 2004). It affects productivity, imports and exports, technology and growth rates.

globalisation is the integration of world economies (Questia, 2004). It affects productivity, imports and exports, technology and growth rates. Globalization has croak identified with a sum up of tr overthrows, around of which have essential since World War II. These include greater global tendency of commodities, money, information, and people; and the development of technology, organizations, legal systems and infrastructures to whollyow movement. more than specific tout ensembley, globoseization refers to:         Increace in world-wide trade at a agile rate than the growth in the world parsimony.         Increase in international flow of capital including foreign direct investment.         greater transborder data flow, using much(prenominal) technologies such as the internet, comnmunication satellites and telephones.          great international cultural exchange, for example finished the export of Hollywo od and Bollywood movies.          counterpane of multiculturalism and better individual access to cultural diversity, with on the otherwise hand, some reduction in diversity finished assimilation, hybridization, Westernization, Americanization or Sinoization of cultures.         Erosion of national sovereignty and national borders through international agreements leading to organizations like the WTO and OPEC.         greater international travelling and tourism.         Greater immigration, including illegal immigration.         Development of global telecommunications infrastructure.         Development of global pecuniary systems.         Increase in the share of the world economy controlled by multinational corporations.         Increase role of international organizations such as WTO, WIPO, IMF that deal with international transactions.         Incre ase in the number of standards use globally;! e.g. copyright laws.         Creation of local clusters of competence (Porters Clusters) having world wide competitive advantage. (encyclopedia.the exoneratedictionary, 2004) Many of these trends are seen as peremptory by supporters of various forms of globalization, and in many cases globalization has been actively promoted by governments and other institutions. For example, there are economic arguments life story globalization, such as the theory of comparative advantage suggesting that renounce trade leads to a more efficient allocation of resources, with all those involved in... well thought out, just doesnt seem to prompt to buzz offher, not sure you exactly got your point across, also id never end a paper with a quote. If you want to get a full essay, order it on our website: OrderCustomPaper.com

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