Globalization

Globalization is a process of integration amount the people and companies. This process has effects on the environment and on culture. Globalization exist to thousand of years, and corporation have been buying to each others in lands at great distances.


All these are supported by technology because is one of the principal driver of globalization, and it has transformed economic life.



It's only through globalization that people move freely across the world. People, thanks to technology can share ideas within some minutes through the internet, which has facilitated communication and connectivity.

Another driver of globalization are the multinational corporations but sometimes they are also affected by globalization in ways they may or may not like.
These effects on a multinational can be good or bad,depending on the nature of the corporation in question.

Globalization has positive and negative effects:globalization has resulted in the formation of multinational and the concentration in specific geographical economies has led to investment in new geographical areas, where market competition is very high.
There are also negative effects. The climate are now a serious problem for the future of the world, all because of globalization.

Due to globalization, most global economy jobs are temporary. The impact is mostly felt in developed countries since the can outsource cheaper white collar and manufacting jobs. Globalization gives business access to market that would have been difficult to reach in the pass.

WTO= The world trade organization is the only global international organization dealing with the rules of trade between nation. They operates aglobal system of trade rules.