A ONE PAGE PAPER ON Globalization
According to people’s movement is neither unalterable nor inevitable. Globalization helps in reducing barriers between people, companies and government of different nations creating interaction and integration. Globalization mainly effects people socially, politically and economically activities across political frontiers, regions and continents. Economic growth and generates a wider range of products and services is increased also explaining integration of domestic economies, industries, government policies around the world and culture. Through globalization widespread suffering, disorder, and unrest occur but also creates new markets and wealth therefore increasing the interconnection of the world. It works as a repression and a catalyst for global movements of social justice and emancipation.
It accelerates the exchange of ideas and commodities over vast distances. public policy and technology being the driving factors of globalization, technology has played a major role in the growth of globalization by advancement of flow of information which promotes empowerment of individual to control their financial lives and information technology which has transformed economic life, it has offered valuable new tools for identifying and pursuing economic opportunity a good example being collaboration with far flung partners and easy transfers and assets. The argument of globalization proponents is that as a force of good cite it increases economy development and rising of living standards of poor countries and their citizens, while globalization opponents argue that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, damaging of developing economies, culture and people.