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

As a result of the globalization boom ***** the 1990s, we now live in a world ***** which markets, media, law, corporations, labor, scientific research and advocacy groups are *****, multinational, ***** multicultural. This ***** resulted in an enormous increase in multiculturalism around the *****. Thus, ***** has encouraged differences in our daily lives. For example, nearly every city in the world now provides its residents with a v*****riety of food choices, ***** Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and *****.

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

One of the greatest outcomes of globalization is actu*****y ***** 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 pers*****al computers. While global travel revolutionized our ideas on how ********** other countries are, the widespread expansi***** ***** ***** ***** dur*****g the 1990s enabled us ***** communicate between two or more points in the world with***** seconds.

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

***** to ***** IMF (2000), the ***** growth of technology in the ***** has many implications ***** people around the world today. "Information exchange is an **********, *****ten *****looked, aspect of *****. For instance, direct foreign investment brings not only an exp*****sion ***** the physical capital stock, but ***** 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 resource for the developing countries (IMF, 2000)."

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

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