Essay - Globalization is Best Defined as a Process of Increasing Interdependence...


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Globalization is best defined as a process of incre*****sing interdependence between all people in the world. From fashion to the environment to multicultural*****m ***** musical fusion and more, globalization emerged as a signific*****nt, new worldview ***** ***** 1990s. Globalization has created a world market in which goods, money, and people cross international borders as freely ***** possible. Modern transportation and theology, including the Internet, played a key role in the f*****cilitation ***** globalization during ***** 1990s. As a result, there are many different areas in which worldwide perspectives, influences, and interactions during this time period altered daily existence for Americans ***** other citizens of the world.

As a result of the glob*****lization boom of the *****, we now live in a ***** ***** ***** *****s, media, law, corporations, labor, scientific research and advocacy groups are international, multinational, and multicultural. This has resulted in an enormous increase in multiculturalism around the world. Thus, globalization has encouraged differences in our daily lives. For example, nearly every city in ***** world ***** provides its residents with a variety ***** food choices, ***** Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Ch*****ese ***** *****.

In America, and many ***** nations, citizens have daily access to ***** not only in restaurants, but also in ***** of media, education, finance, technology, and religion. We are more likely to understand and accept ***** from various cultures than perhaps ***** gr*****parents were. The conception of multiculturalism is constantly enabling ways in which various cultures could further understanding and recognize one another.

One of the greatest outcomes of globalization is actu*****y ***** ***** that made it possible- the rapid spread of technology (IMF, 2000). In the 1980s, businesses began investing in technology on a large scale. By the 1990s, most Americans owned personal computers. While global travel revolutionized our ideas on how *****ible other countries are, the widespread expansi***** ***** ***** Internet dur*****g the 1990s enabled us to communicate between two or ***** points in the world within seconds.

This has implications for other technologies (IMF, 2000). The advances in biotechnology ***** nanotechnology mean that we now ***** an incredible underst*****ding of and control over the fundamental building blocks of all living things. These ***** allow ***** to invent new devices and systems with potential global effects on individual and public health, safety and way of life across the world.

***** to ***** IMF (*****), the ***** growth of technology in the ***** has ***** implications ***** people around the world today. "Information exchange is an integral, often overlooked, aspect of *****. For instance, direct foreign investment brings not ***** an *****on ***** the physical capital stock, but also technical innovation. More generally, knowledge about production methods, m*****agement techniques, export markets and economic policies is available at very low cost, and it represents a highly valuable res*****ce for the developing ***** (IMF, 2000)."

While globalization has created many opportunities for people, USA Today writer Daniel Yergen points out that *****re ***** a dark side of globalization. According to Yergen

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