Globalization

Globalization

1. Process by which technological, economic, political, and cultural exchanges make the world a more interconnected and interdependent place.

   • Contributors of globalization
     • • Technological advances (devices and Internet) • Free trade agreements • Means of transport
       • Advantajes
         • Disadvantajes
           • Higher risk of global economic catastrophe, the level of terrorism has increased.
         • Access to new cultures and markets, and the spread of technology and innovation.

2. History

   • Dates back to the beginnings of history
   • 1990s
     • Communist bloc countries (previously intentionally isolated from the capitalist West) began to integrate into the global market economy.
       • After the collapse of the Soviet Union and the end of the Cold War.