Globalization Research Paper

Globalization is the result of human innovation and technological progress. Many people view globalization in different ways. Globalization refers to the widening and deepening interconnections among the world’s peoples through all forms of exchange. Some view Globalization as a process that is beneficial, a process inevitable and irreversible; nevertheless, others view it as a big problem for different cultures. A further explanation is that Globalization can be looked at from different aspects, like politically, economically, technologically, culturally.
There are a few important questions that need to be asked when discussing globalization and the effects it has on the developing world. 1. How can the developing countries, especially the poorest, be helped to catch up?
2. Does globalization aggravate inequality or can it help to reduce poverty?
3. Are countries that integrate with the global economy inevitably vulnerable to instability? Globalization offers extensive opportunities for worldwide development but it is not progressing evenly. Some countries are becoming integrated into the global economy more quickly than others. Countries that have been able to integrate are seeing faster growth and reduced poverty. Globalization is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. The definition reflects technological advances that have made it easier and quicker to complete international transaction through trade and financial flows. It refers to an extension beyond national borders of the same market forces that have operated for centuries at all levels of human economic activity from the smallest village markets, urban industries, or to the largest financial centers.