The globalization

The globalization

1. Types of globalization

   • Policy
     • Find a solution for the common good.
   • Economic
     • Expansion of trade in goods or services between different countries.
   • Social
     • New integration society
   • Technological
     • Global integration of technological advances
   • Cultural
     • Customs, values, beliefs, and so on.
   • Capitals
     • Commercial
       • Get benefits
     • Productive
       • Invest in the purchase of factors of production
     • Financial
       • Money invested in another country.

2. It is the increasing integration of economies around the world, especially through trade and financial flows.

   • Beginning in the 20th century after the Second World War.
   • It makes international commercial and financial transactions much easier.

3. Advantages

   • Stimulates tourism
   • Economic growth
   • Greater technological exchange between nations.

4. Disadvantages

   • Technology replaces unskilled labor.
   • Disappearance of native languages ​​and dialects.
   • It causes damage to the environment.

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