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What Is Globalization?

Essay by   •  June 8, 2011  •  Essay  •  820 Words (4 Pages)  •  1,737 Views

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According to the Cambridge dictionary online, globalization is the process by which regional economies, societies, and cultures increase their trade around the World and increasing their capability of producing goods and trade with many countries. Also by term "globalization", it can be understand as the Spread of technology, causing the lost of culture in natives, and a foreign direct investment from World powers in developing countries. Globalization is good for any country but it also has countereffects in the society.

USA is known by all of us as the most influential and Rich country because of their massive production of products of high quality. This country on the 20th Century was a country with a variety of problems such as civil Wars, and also was a country in process of becoming republic so it affect it. But after it organized it government, and established a constitution, it began a process of development too Fast that their gross domestic product (GDP) doesn't covered all of their expenses; but it doesn't matter to Americans because they were becoming more important than europeans countries like UK, France, and Germany. Now on, USA is influencing most of the developing countries of America because those countries does not have the economic support by their own, so they have to have a support from a World power and the country that is taking more care of those countries is US because their interests are on them because in a future they can support US as a military ally. Is an example of globalization because is an increase of GDP in the country US intervene and solving their biggest problema, starvation, and education. By doing a huge investment of US in a developing country, it is helping to prevent the starvation in the countries and improving the rate of kids and teenagers attending to a school, all that can be defined as globalization because also by doing that US the culture of the Americans in influencing the education of the country that is been help.

Large companies among the World are the most important because they generate employment for people and a large variety of incomes for their employees. When these companies build a factory or a headquarter in a country, most of the times is on developing countries; is an example of globalization because the large companies are from developed countries and most of them are from UE or US, so the companies take the costumes and habits from their country and change the culture of the people of the region or in the worst of the cases, nationalized some of their employees and give to them some warranties that are unique in their factory. The country where the factory was build, improve because more money from taxes is going to the annual income of the country, the rate of unemployed people decrease, and the renta per capita in the country increase. The technology in the region is beneficiated and most of the family of the employee because the factory

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