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Globalization - Essay Example

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Globalization is a process of international integration that has risen from the interchange of worldviews,products,ideasandotheraspectsof culturelikein transportation and telecommunications infrastructure. The telegraph and the Internet development are major factors in…
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Download file to see previous pages It Furthered stated that the environmental challenges such as climate change, cross-boundary water and air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes is affect by the business and work organization, economics, socio-cultural resources, and the natural environment. When you are referring to trade and transactions, globalization has led countries to increase their shares in the world trade resulting greater variation among major regions. For instance, the newly industrialized economies (NIEs) of Asia prospered due to globalization while African countries as a whole performed poorly. The countrys exports are an important indicator of success. Manufactured goods are exports soared dominated by developed countries and newly industrialized economies (NIEs). Commodity exported such as food and raw materials were often produced by developing countries while commodities share of total exports has declined over periods.
The interactions amongst states which was on a global scale confined to Asia, North Africa, the Middle East and certain parts of Europe marked their success in the world of trade. In the early globalization, it was difficult for states to interact with others who were not within close proximity. The advance technology has allowed states to learn from others who existence in trade markets. The third has to do with interdependency, stability and regularity. When a state is not depending on other states then there is no way they can mutually affected by another. This is the driving force behind global connections and trade. With globalization states can be able to get what they are not able to produce from other state and supply what they produce to other state.
Due to globalization approach and its modern forms have resulted to the industrial revolution. This is though industrialization standard production ...Download file to see next pagesRead More
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