The Benefits of Globalization

512 Words3 Pages
Frequently, people are unclear of exactly what Globalization means. Globalization is the tendency of the world's economies to act as a single interdependent economy. It can be described as the increased movement of people, knowledge, ideas, goods and money across national borders to make the world more unified in a sense. Globalization is often thought of in economic terms but as we know there are other components with this idea like, economics, and cultures. There is a huge debate of whether or not globalization is positive or negative. Some view globalization as being inevitable and key to our economic future. It has the potential of making societies richer through trade, and creates knowledge and understanding to people around the world. On the other side, people believe it increases inequality within and between nations. I believe that globalization will only advance our world and make us more unified. The world's economic system is just one factor in globalization. Over the past two centuries, economic activity has become more global and international trade has becom...
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