Globalization

Globalization and its Effects

Globalization, driven by free trade, is the process of interaction and integration between different groups of people in order to develop a global economy through the unrestricted movement of goods and services. Unsurprisingly, this has greatly impacted nearly every aspect of modern life. For many years, the argument over globalization has been a hot topic because of its features, both good and bad. Each side, pro-globalists and anti-globalists, has its valid reasons and evidence as to why they feel a certain way towards globalization; however, to this date, the debate is still ongoing with no clear answer as to whether or not the act of globalizing truly benefits us all. Despite the different views on globalization and its many pros and cons, international businesses, governments, and international institutions can get involved by working together to find a way to improve the current system and make it better for everyone involved.

Globalization has had an amazing impact on our global economy and continues to do so by introducing new innovations and ideas from around the world, stimulating huge economic growth, promoting a better standard of living, and producing new jobs. The ability to freely travel without any barriers gives businesses a larger market to sell to, which ultimately exposes people to different cultures outside of their own. In “Globalization Is Grrrreat,” the author used J.K Rowling and her magical world of Harry Potter to describe how globalization can spread the innovations and ideas from one culture to many others (Palmer, 4). Another good example of the spread of ideas through globalization is Walt Disney and the Disney brand. All of the theme parks in different major cities display the American culture for those abroad to see and experience for themselves through the familiarity of characters. With a system of free trade in place between nations, it allows for countries to trade with one another...