It examines the interconnectedness of the modern international political environment and the effect of globalization on society, sovereignty, human rights and the situation. It analyzes the nature and strength of important international actors and the types of power used by the Asia-Pacific government to attain its national interests. Globalization allows countries to benefit from economic synergy and collaborate in handling political, social and economic challenges. In this process, an important role is played by the Internet, besides its role becomes particularly acute and contradictory. Globalization refers to the overall development as well as modernization of a community as a whole. A large reason why people from all around the world are able to gather in large cities in developed nations is due to Globalization. Every country can access the products, services, and even technology whenever they want. Globalization in Modern World After the end of World War II, much of Europe was in ruins. So if we say about the globalization process we should remind that the developed countries globalize enough. In short, Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Originally published in 1998. TARGET AUDIENCE My target audience is the young adults between the ages of 18-35 years and the middle-aged adults 36-55 years. Questions and Debates on Globalization Thomas Friedman’s . The Importance Of Globalization ... views globalization as an accelerated compression of the contemporary world and the intensification of consciousness of the world as a singular entity. Globalization is a very important event happening that affects aspects of modernisation. By Staff Writer Last Updated Mar 28, 2020 1:47:18 AM ET Globalization allows countries to benefit from economic synergy and collaborate in handling political, social and economic challenges. So if we say about the globalization process we should remind that the developed countries globalize enough. Also, thanks to the fact that there are multiple news agencies across the globe, there is … Regardless of … Read my full disclosure.) Firsthand knowledge of people and things is of great importance in international business. A Flat World? Home / World View / Social Sciences / Economics / What Is the Importance of Globalization? Using the various disciplines of the social sciences, it examines the economic, social, political, technological, and other transformations that have created an increasing awareness of the interconnectedness of peoples and places around the globe. Concept, importance and impact of globalization. Questions and Debates on Globalization Thomas Friedman’s . Globalization offers both benefits and challenges. Concept, importance and impact of globalization. Basically, when we talk about Globalization, we aren’t just talking about the trade of goods and exchange of capital, we must realize the various social and cultural opportunities that have been realized with international trade. Perhaps the most significant advancement in globalization has been the Internet and information systems. Under the leadership of a new hegemon, the United States of America, and aided by the technologies of the Second Industrial Revolution, like the car and the plane, global trade started to … He argues that global competition creates “flat world” where U.S. companies and workers compete on more level playing field with the rest of the world. International trade has... 2. Globalization is a process of interaction and integration among the people, companies, and governments 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, on economic development and prosperity, and on human physical well-being in societies around the world. This not only benefits the foreign companies (in this case, American companies like Apple) but also helps the countries being invested in by increasing their exports, creating jobs, closing the technology gap, and overall, improving quality of life. However, there … It can provide tremendous opportunity for economic growth to improve the quality of life for many people. The world of business has been blessed with a boon of globalization that has worked wonders not only for the big players in the market but also for the new and small ones that are still finding their strong foothold.. 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