• Posted by a hidden member.
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    Jul 11, 2016 1:28 AM GMT
    http://www.globalization101.org/what-is-globalization/Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.

    Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages. Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.

    But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development....

    This current wave of globalization has been driven by policies that have opened economies domestically and internationally....

    Technology has been the other principal driver of globalization. Advances in information technology, in particular, have dramatically transformed economic life....

    Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people. Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.

    To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies. Globalization101.org tries to provide an accurate analysis of the issues and controversies regarding globalization, without the slogans or ideological biases generally found in discussions of the topics. We welcome you to our website.

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    Jul 11, 2016 1:36 AM GMT
    skip to about 3:35 onward...

    @6:38 "...the structure of the economy is being driven both by the population development and also by modern technology..."
  • Fireworkz

    Posts: 606

    Jul 11, 2016 9:17 PM GMT
    We all have a part to play in globalisation. We are consumers and would rather consumer cheap goods than ethical goods.
    It works both ways. While we are complaining about cheap Chinese goods we are busy selling them cigarettes and McDonald's. And buying cheap clothes made by child labour in India in conditions we would never tolerate on our doorstep. We are happy to reap the rewards of exploitation but cant take it when it affects our jobs. We all have a part to play so we can point the finger or look at rhe role we are playing.