Essay about The World Global Community As One Community

Essay about The World Global Community As One Community

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Globalization in short points to the whole effort towards making the world global community as one community. Goods that were only found in western countries can now be found throughout the globe. Now underdeveloped areas can enjoy the benefits of scientific advances and industrial progress available in developed countries for the development and growth of their areas.

Globalization can also be defined as a current process by which regional economies, societies, and cultures have become integrated through a spanning network of communication and trade. The process of globalization includes a number of dynamics which are rapid knowledge developments that make global communications possible, political developments such as the fall of communism, and transportation developments that make traveling faster and more frequent.

Market globalization is the decreased in barriers to selling in countries other than the home country. Multinational firms rise because capital is much more mobile than labor. The consumer prices lower and fewer restrictions when crossing borders makes it easier for a...

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