Globalization
...respect to the social, cultural, political, technological, economic and ecological levels.
Advantages of Globalization
* Goods and people are transported with more easiness and speed
* the possibility of war between the developed countries decreases
* free trade between countries increases
* global mass media connects all the people in the world
* as the cultural barriers reduce, the global village dream becomes more realistic
* there is a propagation of democratic ideals
* the interdependence of the nation-states increases
* as the liquidity of capital increases, developed countries can invest in developing ones
* the flexibility of corporations to operate across borders increases
* the communication between the individuals and corporations in the world increases
* environmental protection in developed countries increases
Effects of globalization
* enhancement in the information flow between geographically remote locations
* the global common market has a freedom of exchange of goods and capital
* there is a broad access to a range of goods for consumers and companies
* worldwide production markets emerge
* free circulation of people of different nations leads to social benefits
* global environmental problems like cross-boundary pollution, over fishing on oceans, climate changes are solved by discussions
* more transborder data flow using communication satellites, the Internet, wireless telephones etc.
* international criminal courts and international justice movements are launched
* the standards applied globally like patents, copyright laws and world trade agreements increase
* corporate, national and subnational borrowers have a better access to external finance
* worldwide financial markets emerge
* multiculturalism spreads as there...
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