The Impact Of Globalization

1048 Words5 Pages
Globalization involves the increasing interconnection of local and nationalistic economies across the world. It increases border movement of goods, people, technologies, ideas and services throughout the world. It lets other countries to join the rest of the world and become part of worldwide interrelatedness. As the biggest companies are no longer national firms but universal partnership. In my opinion, globalization is an important issue, as it allows countries to collaborate politically, socially and economically. As every concept, it has its own negatives and positives, so is globalization. Globalization is important as it is a term of changes in societies and worlds economy, that leads to border movement, new investments, and cultural changes. Globalization process has been used for many centuries, but only in recent time globalization became the most focused discussion. One of the reasons why globalization is important issue is because of the world economic problem and different businesses. Foreign companies expand into locals markets, which let foreign companies to gain more money and become worldwide knowing companies. For example shops in malls such as Zara, H&M and Gap. These shops are known worldwide, because of the interconnections of the countries. This is part of the world trade and investments as well. Another example: government lead departments are capable of communicating with other governments and improve their economic conditions. The purpose of my
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