GLOBALIZATION

GLOBALIZATION

1. INTERESTING FACTS

   • Although the phenomenon of globalization is not new, political, economic, and technological developments in the 1990s accelerated the processes of globalization and contributed to the emergence of a public debate about its advantages and disadvantages.
     • Global terrorist networks have used the conditions created by globalization to enhance their own influence and to promote a culture of intolerance and hate.

2. DEFINITIONS

   • Globalization refers to the technological, political, economic, financial, and cultural exchanges between peoples and nations that have made and continue to make the world a more interconnected and interdependent place.

3. ADVANTAGES

   • Has contributed to greater prosperity in many countries
     • Trade and investment increased
       • The World Wide Web links billions of people and devices, providing innumerable opportunities for the exchange of goods, services, cultural products, knowledge, and ideas.
         • Technological advances, including mobile phones and especially the internet, have contributed to globalization by connecting people all over the globe.

4. DISADVANTAGES

   • Barriers to migration and to cultural exchange were lowered.
     • The al-Qaeda members who perpetrated the attack on September 11th used mobile phone technology and the internet to coordinate their plans.
       • They were also easily able to move from one country to another because of lowered barriers to international travel and mobility.