What Is Globalization?

What Is Globalization?

1. process of interaction and integration

   • among the people, companies, and governments of different nations

2. This process has effects on the environment, on culture, on political systems

3. Globalization is not new, though

   • across Central Asia that connected China and Europe during the Middle Ages.

4. CHARACTERISTICS OF GLOBALIZATION

   • Business freedom
     • freedom of the entrepreneur to exercise his industry
     • being able to exchange without problems, capital, goods, services and technologies between the different countries.
   • Free trade
     • absence of government control over trade.
   • Economic globalization
     • control of international market activities that coordinates both the economy of each country and the world economy.
   • Connectivity
     • links are established between different societies and between different countries

5. CHARACTERISTICS OF GLOBALIZATION

   • World without frontiers
     • tariffs on commerce are thrown overboard.
   • new world order with greater international control.
   • A multidimensional process
     • it means the opening of national markets
   • Adaptation to development
     • technology exchange and free trade allow developing countries to be influenced better able to adapt
       • In return, cheaper labor is offered.

6. The world state in front of society

   • The various protests around the world against globalization
     • succeeded in slowing and even paralyzing world bank meetings and The IMF.
     • These protest groups accuse the UN of allowing exploitation and domination of developing countries.