Globalization
About this book
Essay from the year 2006 in the subject Politics - Topic: Globalization, Political Economics, University of North Florida, language: English, abstract: According to the online dictionary Merriam-Webster Online, globalization is "thedevelopment of an increasingly integrated global economy marked especially by free trade, freeflow of capital, and the tapping of cheaper foreign labor markets." Globalization, however, reaches beyond the economic scope since it "is a term that encompasses all cross-borderinteractions, whether economic, political, or cultural." (Marber 56). Within a globalized world, everything is related and connected, constantly changing and transforming not only the economybut also politics, culture, consumption, and telecommunications. The following paper aims atshowing how the world is becoming globalized, what advantages and disadvantages appearthroughout this process, and why globalization is an overall good thing for the world and itscitizens.As already mentioned, globalization affects several levels of interaction. With regard tothe economy, free trade and less trade barriers enabled the forces of globalization to growstronger and faster than ever before in human history. Within the last twenty years, the SovietUnion and China have integrated economically with the West while Latin America and Asia haveworked toward stable and liberal systems in order to be part of "meaningful socioeconomicprogress and […] Western standards of living." (Marber 56).
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