Globalization is a process of interaction and integration among the people, companies, and governements of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, an economic development and prosperity, and human physical well-being in society around the world.
Globalization is not new, though. For thousands of years, people -and ,later, corporations -
have been buying from and selling to each other in lands at great distances. For centuries, people and corporations have invested in enterprises in other countries. Infact , many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in 1914.
Economic opportunities
Globalization has increased our scope for earning a livelihood manifold. Today, it is highly common for people to travel and relocate to foreign countries in search for employment and education. With communication so convenient, the world has truly become our oyster. We can easily like for opportunities elsewhere and take them as they came. We can pursue disciplines and work fields of our own choice in other countries if we do not find ample opportunity in our own. Globalization has immensely helped in the building and spreading of business.
No comments:
Post a Comment