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

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Globalization is best defined as a process of increasing interdependence between all people in the world. From fashion to the environment to multiculturalism ***** 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 facilitation ***** globalization during the *****. 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 ***** the globalization boom of the 1990s, we now live in a world in ***** markets, media, law, corporations, labor, scientific research and advocacy groups are international, multinational, ***** 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 of food choices, *****cluding Spanish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and *****.

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

One 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 Americans owned personal computers. While global travel revolutionized our ideas on how ********** other countries are, the widespread expansion of ***** ***** dur*****g the 1990s enabled us ***** communicate between two or ***** points in the world with***** seconds.

This has implications for other technologies (IMF, 2000). The advances in biotechnology and nanotechnology mean that we now ***** an incredible understanding 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 world.

According to ***** IMF (*****), the ***** growth of technology in the 1990s ***** many implications for people around the world today. "In*****mation exchange is an *****tegral, *****ten **********, aspect of *****. For instance, direct foreign investment brings not ***** an exp*****sion of the physical capital stock, but also technical innovation. More generally, knowledge 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 ***** (IMF, 2000)."

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


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