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 m*****rket 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 ***** globalization during ***** *****. As a result, there *****re many different areas in which worldwide perspectives, influences, ***** interactions ***** this time period altered daily existence for Americans and other citizens of the world.

As a result of the globalization boom ***** the 1990s, we now live in a ***** ***** which markets, 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 the world ***** provides its residents with a v*****riety of food choices, *****cluding Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese ***** *****.

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 underst***** and accept people from various cultures than perhaps ***** gr*****parents were. The conception of multiculturalism is constantly enabling ways in ***** ***** cultures could further understanding and recognize one another.

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

This has implications for other technologies (*****, 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 ***** allow us to invent new devices ***** systems with potential global effects on individual and public health, safety and way of life across the world.

According to the IMF (2000), the rapid growth of technology in the 1990s has many implications for people around the world today. "Information exchange is an integral, often overlooked, aspect of globalization. For instance, direct foreign investment brings not ***** an expansion of 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 that there is a dark side of globalization. According to Yergen


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