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 to musical fusion and more, globalization emerged as a significant, new worldview ***** the 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 ***** globalization during ***** *****. As a result, there are 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 1990s, we now live in a world in ***** markets, media, law, corporations, labor, scientific research and advocacy groups are *****, multinational, ***** multicultural. This ***** resulted in an enormous increase in multiculturalism around the *****. Thus, globalization 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, including Sp*****ish, French, Italian, Thai, Middle Eastern, Indian, Mexican, Chinese and *****.

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

***** of the greatest outcomes of globalization is actually the ***** 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 ***** ideas on how *****ible other countries are, the widespread expansi***** ***** the ***** ***** the 1990s enabled us to communicate between two or more points in the ***** with***** seconds.

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

***** to ***** IMF (*****), the ***** growth of technology in the ***** has many implications for ***** around the world today. "Information exchange is an integral, *****ten overlooked, aspect of globalization. For instance, direct foreign investment brings not ***** an *****on ***** the physical capital stock, but ***** technical innovation. More generally, knowledge about production methods, m*****agement techniques, export markets and economic policies is available at very low cost, and it represents a highly valuable resource for the developing ***** (IMF, 2000)."

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

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