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The General Concept of Globalization

"People around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization." Globalization is the process of denationalization of markets, politics and legal systems." (www.globalization.about.com) "There is a growing gap between rich and poor worldwide, arguing that the economic forces of globalization are driving a deeper wedge between rich and poor countries, and between rich and poor citizens within many countries." (World Issues Notes, "United Nations Human Development Report") "20% of the worlds population, (the consumer class) consumed over 80% of the world's resources, that leaves 8 out of 10 people worldwide, with access to only 20% of the world's energy, food, and financial resources." (World Issues Notes, "The Growing GAP In Wealth") The gap between rich and poor is growing increasingly due to globalization.

"Globalization means that world trade and financial markets are becoming more integrated. The term Globalization has come into common usage since the 1980's, reflecting technological advances that have made it easier and quicker to complete international transitions. It refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity." (www.globalization.about.com) "Globalization could allow for goods and services to be produced in not just one part of the world, but all over, making them more accessible to a more diverse amount of people." (www.tcqnyc.thinkquest.org) "Global competition leads to lower prices and this means rises in costs of living." (Canadian Backgrounder - Globalization)

"It is clear that the income gap between rich and

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The General Concept of Globalization. (1969, December 31). In DirectEssays.com. Retrieved 20:40, November 24, 2014, from http://www.directessays.com/viewpaper/102380.html