Globalization

Globalization is "the integration of states through increasing contact, communication and trade to create a single global system in which the process of change increasingly binds people together in a common fate." Some economists see globalization as being in the best interest of all states involved, while others believe that increasing modern trade and global economic relations is harmful in many ways. While globalization marks a move in the direction of a more open world-trading government, it can also be connected to damages on independence, making countries lose the ability to be totally independent. …