Globalization+and+its+Impact

Globalization+and+its+Impact - Globalization What is...

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Globalization
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2 What is Globalization? It is the growing integration of economies and societies around the world. Globalization has been bringing the world closer through the exchange of goods and products, information, knowledge, culture and migration of people.
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3 Is it a new phenomenon? Although globalization has only recently become an economic, political and social buzzword, it's not a new phenomenon. Caravans dating back to the ancient Silk Road, with their exchange of fabrics and spices between distant lands, were forerunners. Explorers such as Marco Polo and Ibn Battuta were pioneers of globalization, facing death and danger in their quests to explore new territory.
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4 Globalization But today globalization takes on a new meaning. It might mean sitting in your dorm room in Irvine while communicating with a friend in Manila, Mumbai or Paris. It might mean taking a Salsa dance class in London. It might be symbolized in trying out sea-salt coffee in Irvine’s 85C (from Taiwan) café/bakery.
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Globalization is a hot topic because it's happening at an unprecedented pace and scale in human history. It has become much faster and dramatic because of unprecedented advancements in technology, communications, science, transport and industry. While globalization is a catalyst for and a consequence of human progress, it is also a messy and complicated process that requires adjustment and creates significant challenges and problems. This rapid pace of change can be unsettling and
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Globalization+and+its+Impact - Globalization What is...

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