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There are many definitions of globalization. According to Ervin and Smith, "Globalization refers to real changes that are important to human society" (2). The changes however affect people differently. Yu defines globalization as "A process of integrating human life, taking place as a global and holistic tendency that reaches beyond regional and national boundaries" (65). This definition describes globalization as an intentional procedure or course of action and predisposition of present-day human progression and advancement past national frontier.
Though there are many problems or disadvantages associated with globalization, in my opinion, the advantages outweigh the disadvantages. Since globalization involves human development past national frontiers, many nations are exposed to the global market. There is no nation in the world that has developed in terms of financial or monetary capabilities and socially while being cut-off from other countries. Subsequently, globalization leads to elevated levels of Human Development Index (HDI). HDI is considered a calculator of the financial wellbeing of a nation or people. It is important to posit that HDI considers the major facets of development including awareness, prolonged existence of the population, and also the health of the population, and it compares development between nations. Siddiqui asserts that "The HDI is a simple average of the life expectancy index, education index, and GDP index" (179). The gross domestic product (GDP) of many countries in the world has significantly increased over the recent past, and this has been as a result of globalization. Globally, the GDP level increased form USD 17 trillion to USD 107 trillion between 1950 and the end of the twentieth century. The highest rate of growth in terms of GDP was witnessed in countries with high HDI especially China and India (Lockwood, Vorboys and Kothari n.p).
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The worlds tallest
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