Business Globalization

Today globalization includes the increasing integration of countries individual economies, the rise in world trade and multinational companies and the effect of tremendous amounts of money moving in and out of economies. People around the world are more connected then ever before. Information and currency are flowing more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world.

Globalization presents many beneficial and positive accomplishments, especially in relation to the international community. For instance, free trade positively contributes to overall development of the world. Global free trade promotes global economic growth; it creates jobs, makes companies more competitive, and lowers prices for consumers. It also provides poor countries, through infusions of foreign capital and technology, with the chance to develop economically and by spreading prosperity creates the conditions in which democracy and respect for human rights may flourish.

Besides its economic rollercoaster, globalization has a tremendous effect on cultural values. The world has a cultural diversity in itself. Every country has its own traditions, values, and practices of cultural activities. This creates a diversity in which every part of the world can be pointed out by their own characteristics. By the beginning of the 20th century with the effects of industrialization and common usage of communication devices and transportation. The economy became more efficient and started to play an important role in a state's political policies. Trade became one of the primary sources of income for countries. Trade required close interaction between countries and governments.

It is very difficult for something as big as globalization to not have even a little affect on the culture of a region. Culture, being a way of life, will always be changing. Globalization is just one of many contributions to this. As...