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

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 to musical fusion and more, globalization emerged as a significant, new *****view in the 1990s. Globalization has created a world market in which goods, money, and people cross international borders as freely as possible. Modern transportation and theology, including the Internet, played a key role in the facilitation of globalization during the *****. As a result, there *****re many different are***** in which worldwide perspectives, influences, ***** interactions ***** this time period altered daily existence for Americans and other citizens ***** the world.

As a result of the glob*****lization boom of the 1990s, we now live in a ***** ***** ***** *****s, media, law, corporations, labor, scientific research and advocacy groups are international, multinational, ***** 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 the world ***** provides its residents with a variety of food choices, ***** Spanish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and *****.

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

One of the greatest outcomes of globalization is actu*****y the one 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 ***** owned personal computers. While global travel revolutionized our ideas on how ********** other countries are, the widespread expansi***** ***** the ***** during ***** ***** enabled us ***** communicate between two or more points in the ***** within seconds.

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

***** to the IMF (2000), ***** rapid growth of technology in the 1990s ***** many implications for people around the world today. "**********mation exchange is an *****tegral, *****ten *****looked, aspect of *****. For instance, direct foreign investment brings not only an expansion ***** the physical capital stock, but ***** technical innovation. More generally, k*****ledge about production methods, management techniques, export markets and economic policies ***** available at very low cost, and it represents a highly valuable res*****ce for the developing countries (IMF, 2000)."

***** globaliz*****ion has created ***** opportunities for people, USA Today writer Daniel Yergen points out ***** there is a dark side of globalization. According to Yergen


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