Globalization Is Defined As A Process Of Interaction And...

Kyle Hutchens Cultural Anthropology Globalization Unit October 17, 2014 Globalization Globalization is defined as â€Å"a process of interaction and integration arising from the interchanging world views, products, ideas, and other aspects of culture.† In other words, it is interactions and trade between people and other countries including governments. There are many effects that come along with globalization, both negative and positive. Negative aspects of globalization start with non-economists and the wide public expecting the costs associated with globalization to outweigh the benefits, especially in the short-run. Less wealthy countries from those among the industrialized nations may not have the same highly emphasized beneficial†¦show more content†¦It also provides poor countries, through mixtures of foreign capital and technology, with the chance to develop economically and by spreading prosperity to create the conditions in which democracy and respect for human rights may flourish. Now there is a worldwide market for companies and consumers to access products from different countries. There is a world power that is being created gradually, instead of compartmentalized power sectors. Politics are merging and the decisions that are being made are actually beneficial for people all over the world. There is more infl ux of information between two countries. There is cultural intermingling. Each country is slowly learning more about other cultures. Since we share financial interests, corporations and governments are trying to sort out ecological problems for each other. Socially we have become more open and tolerant towards each other, and people who live in the other part of the world are not considered aliens. Most people see speedy travel, mass communications and quick dissemination of information through the Internet as benefits of globalization. Trade among nations via the use of comparative advantage promotes growth, which is attributed to a strong connection between the openness of trade flows and the affect on economic growth and economic performance. Additionally there is a strong positive