Globalization is the process where the economics of various countries in the world become more and more connected to one another. In a globalized economy, people from one country can buy goods quite easily from other countries. Nowadays though, it has a positive and negative consequence to it. China, for example, is affected by coal, oil, and natural gas. China has a vey widespread of environmental problems, one of them being coal. On a average, China consumes nearly “four time as much as coal ad the US.
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Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.
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An Official Definition of Globalization by the World Health Organization (WHO)
According to WHO, globalization can be defined as ” the increased interconnectedness and interdependence of peoples and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.”