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 in ***** 1990s. Globalization has created a world market ***** 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 are 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 glob*****lization boom of the 1990s, we now live in a ***** in which *****s, media, law, corporations, labor, scientific research and advocacy groups are international, multinational, ***** 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 now provides its residents with a variety of food choices, *****cluding Spanish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and more.

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

One of the greatest outcomes of globalization is actu*****y ***** ***** 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 personal computers. While global travel revolutionized our ideas on how accessible other countries are, the widespread expansion of the ***** dur*****g ***** 1990s enabled us to communicate between two or more points in the ***** within seconds.

This has implications for other technologies (IMF, 2000). The advances in biotechnology ***** nanotechnology mean that we now ***** an incredible understanding of and control over the fundamental building blocks of all living things. These ***** allow 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 the IMF (*****), the rapid growth of technology in the 1990s has many implications for people around the world today. "*************** exchange is an integral, *****ten **********, aspect of globalization. For instance, direct foreign investment brings not ***** an ***** 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 resource for the developing ***** (IMF, 2000)."

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

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