Globalization explained in full? What is globalization and what does it involve  

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Simply put, globalization refers to the world becoming a "global village". In other words, economies around the world are becoming more and more interlinked and integrated. Products made cheaply by a huge company in the USA, using economies of scale, are now accessible to people living in foreign countries. This occurs at the expense of small companies producing these goods more expensively in their own country.

Thanks to advancements in communications technology, the advent of the internet, and the removal of certain barriers to entry, the flow of goods, materials, ideas, and cultural icons from certain countries are making their way around the world.

Globalization provides opportunities in terms of cross-cultural integration, prosperity, and technological innovation. On the other hand, it also creates challenges such as unemployment and inequality.

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Basically, globalization can't be explained in full in the space we have here.  The simple definiton is that the economy is now global, meaning everything is interconnected.  You can hardly buy any product without some part of it coming from a global source.

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A big reason for globalization has been the advances in technology. You can now be in another country and through the use of available technology do business "face to face" with someone in another country.

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Globalization is simply the process in which the world becomes more interconnected.  This process affects the world's economies and its societies and cultures as well.  Countries come to trade with one another more and more.  This obviously links their economies, but it also casues them to have much more contact with one another's cultures.  Gradually, this tends to cause cultures to become more like one another.

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