Introduce el texto aquí

Introduce el texto aquí

1. Globalization is simply the process through which integration and interaction of countries, companies, and people across the globe. The process is as a result of the investment, outsourced manufacturing and international trade. All these are supported by information technology, with an aim of bringing economies of various countries together. It is only through globalization that people, services, and goodsget to move freely across the world, in a manner that is linked and smooth.

   • GLOBALIZATION IMPACTS: POSITIVE AND NEGATIVE IMPACTS
     • NEGATIVE EFFECTS OF GLOBALIZATION
       • ENVIRONMENTAL DAMAGE: Increased production means increased utilization of natural resources. Besides, increased trade results to increased transport, which uses fossil fuels. As a result, pollution has increased, leading to climate change.
       • FLUCTUATION IN PRICES: Globalization has led to increased market competition, hence leading to fluctuation in prices.
       • JOB INSECURITY: Due to globalization, most global economy jobs are insecure and temporary. The impact is mostly felt in developed countries since they can outsource cheaper white collar and manufacturing jobs.
     • POSITIVE EFFECTS OF GLOBALIZATION.
       • GLOBAL MARKET: The privatization of industries owned by the state has enabled the emerging markets to be successful. Most of the companies are increasing the consumer demandthrough extension and expansion of their value chain to international levels. As a result, the positive effects of globalization are expressed by the rising transactions across the borders.
       • COMPETITION: Competition in the market is largely due to globalization. As a result, the positive effects are visible, since global competition leads to products of high quality. The enhanced quality of both products and services are based on production approaches of customer demands and customer services.
       • CULTURE: Globalization has resulted in numerous positive effects on culture. There is no single civilization that had all good practices. Instead, the coming together of various cultures has made the world today a better place. The welcoming of people from various backgrounds and civilizations has resulted in the creation of new cultures, thus leading societal growth.
       • LEGAL EFFECTS: Human rights have been improved as a result of globalization since media coverage on violations of the rights receives attention from all over the world. It is through globalization that leaders address inequalities since information and openness get promoted.
       • STABLE SECURITY: Although the effect cannot be seen directly, globalization has contributed greatly in enhancing the world security. For example, it is extremely difficult to see two countries attacking each other if the economy of one of the countries depends largely on the economy of the other country.

2. PRESENT: JOHANA MANCERA SALGADO REFERENCES: https://www.marketing91.com/what-is-globalization/

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