Jan.13-2010 Defining Globalization

Jan.13-2010 Defining Globalization - Defining Globalization...

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Defining Globalization Globalization: Describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and trade. Dimensions of Globalization: A. Economic B. Political C. Cultural D. Technological Pros of Globalizations: Free trade creates wealth. The spread of ideas and information promotes democracy and awareness of human rights norms. The human experience is enriched by the sharing of cultures, foods and customs. Cons of Globalizations: Millions of Americans have lost jobs due to imports or production shifts abroad. Most find new jobs - that pay less. Millions of others fear losing their jobs, especially at those companies operating under competitive pressure. Etc…. . Economic Globalization: The intercontinental exchange of products, services, and labor. Free trade, open markets, and competition in the world economy.
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Jan.13-2010 Defining Globalization - Defining Globalization...

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