Globalization

Globalization

1. It is a dynamic process that is composed of a growing interdependence among the countries of the world. Something that occurs using as a means, a series of global transformations. Borders that previously represented so many limitations are more often less relevant.

   • Principal Causes
     • The new geopolitical restructuring of the world at the end of the Cold War. The years after the Cold War were times of change and the necessary climate was given for the emergence of new trends in the world economy.
       • Acceleration of the rates of economic opening, as well as of the exchange of goods, merchandise and services. Liberation of the capital markets and the Stock Exchanges worldwide.
         • The information and communication revolution that, thanks to the use of advanced technologies, has allowed connection in real time.
   • Positive Aspects.
     • The extent of communication: If there is one aspect in which globalization has become visible, it is that of communication technologies. The emergence and consolidation of social networks and the possibility of contacting in real time with any part of the planet have been two of its keys.
       • Cultural exchange: Communication allows cultural exchange. This shared knowledge enriches everyone, both in the field of ideas and in the economy. In the history of humanity there has never been a greater transfer of cultural values than today.
         • Disappearance of economic borders: The free movement of goods and capital has generated some positive aspects for the global economy, although they have not always been reflected in the population. That the same products can be consumed in different countries with the same characteristics is one of the symbols of commercial globalization.
   • Negative Consequences.
     • Poverty: economic differences between countries persist and increase with globalization. Foreign companies exploit the natural resources of poor countries without them enjoying the benefits.
       • Environmental deterioration: Many companies settle in countries where polluting is not prosecuted by the laws and, as a consequence, the environment deteriorates.
         • Unemployment: Companies are very easy to change country, but when a large company closes, many people are left without work.
           • Child exploitation: The hiring of children to perform very hard jobs in exchange for very low wages is a common practice in a significant number of underdeveloped countries.