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

Globalization is best defined as a process of increasing interdependence between all people in the world. From fashion to the environment to multiculturalism to musical fusion and more, globalization emerged as a signific*****nt, new *****view ***** ***** 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 of globalization during ***** *****. As a result, there *****re 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 ***** the globalization boom of the 1990s, we now live in a ***** in ***** *****s, media, law, corporations, labor, scientific research and advocacy groups are *****, multinational, and multicultural. This ***** resulted in an enormous increase in multiculturalism around the world. Thus, ***** has encouraged differences in our daily lives. For example, nearly every city in ***** world ***** provides its residents with a v*****riety ***** food choices, *****cluding Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese ***** more.

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

***** of the greatest outcomes of globalization is actually ***** 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 *****, most ***** owned pers*****al computers. While global travel revolutionized our ideas on how accessible other countries are, the widespread expansion ***** the *****ternet ***** ***** 1990s enabled us to communicate between two or more points in the world within seconds.

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

According to ***** IMF (*****), the ***** growth of technology in the ***** ***** many implications for ***** around the world today. "In*****mation exchange is an integral, often **********, aspect of globalization. For instance, direct foreign investment brings not ***** an exp*****sion ***** the physical capital stock, but also technical innovation. More generally, k*****ledge about production methods, management techniques, export markets and economic policies is available at very low cost, and it represents a highly valuable resource for the developing ***** (IMF, 2000)."

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