Wednesday, 5 March 2014

Dwita Budilestari

Globalization is a process between individuals between groups and between countries interact with each other. Dependent and related and influenced each other across national boundaries. Globalization has many characteristics in common with internationalization so, that two terms are often used interchangeably.

Globalization is inevitable because it is constantly evolving life, and definitely produce an effect / change. Globalization inevitably will continue to evolve to follow the Ages.But, there are a negativity of Globalization. For developing countries effect the loss of national identity, growing environmental and labor exploitation

 Does Economy effect Globalization? globalization is a term to describe the changes in society and in the world economy that is generated by the rapid trade [W.Encyclopedia] Such as, the World Trade Organisation (WTO) and International Monetary Fund (IMF) has long facilitated the globalization of business through business affairs to minimize barriers to global trade (such as tariffs and subsidies affairs) and the elimination of financial trading world.

Now, There are a few Countries has the benefit from trade liberalization, sort of the economic growth and poverty reduction.

Reference:
http://id.wikipedia.org/wiki/Globalisasi
http://id.answers.yahoo.com

1 comment:

  1. How globalization affect the world economy ? Your explanation it's not clear. Thank you..

    ReplyDelete