Globalization

There is a widely shared view that world is changing more rapidly and dramatically at the start of the twenty-first century than ever before. Although it may not be a term we all use, many of the changes seem to be associated with something that has been called “globalization”.

So what is globalization? Globalization is a process of interaction and integration among people, companies, and governments of different nations. It is a process driven by international trades and investments and aided by information technology. This process has effects on environment and culture, political systems and economic development, prosperity and, of course, on human physical well-being in societies around the world.…