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 …
showed first 75 words of 364 total

showed last 75 words of 364 total
…scales. To make global or worldwide in scope or application of trade, communication, and resources is what is known as globalization. The idea of unifying the world markets, the infinite numbers of ways to correspond, and the limited resources of humankind sounds like an intelligent idea. Many have come to realize however that by helping countries by giving them financial aid and the resources they need makes them dependent, not any stronger or self- sufficient.