Developing Nations | Chapter 2 Preface

The term globalization encompasses the idea that the world is becoming increasingly connected—both economically and culturally. Thomas Friedman, author of The Lexus and the Olive Tree: Understanding Globalization, describes globalization as “the integration of everything with everything else . . . Globalization is the integration of markets, finance, and technology in a way that shrinks the world from a size medium to a size small.”

It seems like a simple idea, but globalization is a highly complex—and much contested—concept. Researchers argue about its...

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