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 multiculturalism to musical fusion and more, globalization emerged as a significant, new *****view in ***** 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 are many different areas in which worldwide perspectives, influences, and interactions ***** this time period altered daily existence for Americans ***** other citizens of the world.

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

In America, and ***** other nations, citizens have daily access ***** ***** 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 ***** grandparents were. The conception of multiculturalism is constantly enabling ways in which various cultures could further understanding and recognize one another.

One 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 *****, most ********** owned pers*****al computers. While global travel revolutionized our ideas on how accessible other countries are, the widespread expansion ***** ***** ***** dur*****g the 1990s enabled us to communicate between two or more points in the world within seconds.

This 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 us to invent new devices and systems with potential global effects on individual and public health, safety and way of life across the world.

***** to the IMF (2000), the ***** growth of technology in the ***** has many implications for people around the world today. "Information exchange is an **********, often overlooked, aspect of *****. For instance, direct foreign investment brings not ***** an ***** ***** the physical capital stock, but ***** technical innovation. More generally, knowledge 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, *****)."

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

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