can we consider globalization as a process of cultural and economic integration? justify your answer
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Answer:
Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market. ... But usually there is a snowball effect, and globalization becomes a mixed bag of economic, philanthropic, entrepreneurial, and cultural efforts.
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Explanation:
Globalization refers to the process of integrating governments, cultures, and financial markets through international trade into a single world market. ... But usually there is a snowball effect, and globalization becomes a mixed bag of economic, philanthropic, entrepreneurial, and cultural efforts.
Globalization of culture contributes to the exchange of cultural values of different countries, the convergence of traditions. For cultural globalization characterized convergence of business and consumer culture between the different countries of the world and the growth of international communication.
The cultural dimension of globalization, or “cultural globalization” refers to the circulation and sharing of ideas and of meanings and values across countries; hence across cultures, with the effect of increasing social contacts (Paul 2006), this presumably leads to more positive human interconnectedness.
The goal of globalization is to boost economies around the world by making markets more efficient. ... The hope is that increased global trade will lead to more competition, which will spread wealth more equally.