Negative and positive impact of globalization on society
Answers
Globalization is the process of growing integration of economies and societies around the world. Globalization is not only a tendency any more but also a fact. We can understand it as a process by which people around the world are gathering into a single society and function together. In this process, there is combination of economic, technological, socio-cultural and political forces. In most cases, however, Globalization refers to economic globalization through trade, foreign direct investment, capital flows, migration, and the spread of technology. For this field, the principle of globalization bases on the combination of economic theory about free markets, reducing barriers in exchanging and trading goods that makes the specialization in export-import.
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