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 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 ***** possible. Modern transportation and theology, including the Internet, played a key role in the f*****cilitation of globalization during ***** 1990s. As a result, there *****re many different areas in which worldwide perspectives, influences, ***** interactions during this time period altered daily existence for Americans and other citizens of the world.

As a result of the glob*****lization boom ***** the *****, we now live in a ***** ***** which markets, media, law, corporations, labor, scientific research and advocacy groups are *****, 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 the world ***** provides its residents with a variety of food choices, ***** Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Ch*****ese ***** more.

In America, and ***** other 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 ***** from various cultures than perhaps our grandparents 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 1990s, most Americans owned personal computers. While global travel revolutionized our ideas on how *****ible other countries are, the widespread expansion of the ***** during ***** 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 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 (2000), the rapid growth of technology in the ***** has many implications for people around the world today. "**********mation exchange is an integral, *****ten **********, aspect of *****. For instance, direct foreign investment brings not only an ***** ***** the physical capital stock, but ***** technical innovation. More generally, k*****ledge about production methods, m*****agement techniques, export markets and economic policies ***** available at very low cost, and it represents a highly valuable resource for the developing countries (IMF, *****)."

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

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