Globalization

Globalization

1. 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.

   • Advantages
     • Increased trade and investment flows
     • Currency exchange
     • Rise of multinational corporations
     • Communication and transportation technologies
     • Exchange of culture, knowledge, and ideas
   • Disadvantages
     • Global terrorist networks
     • Promote a culture of intolerance and hate
     • Risk of global economic catastrophe