Thursday, May 12, 2011

Globalization

Globalization is defined as “regional economies, societies, and cultures have become integrated through communication, transportation, and trade.” Our world is becoming smaller but not in the sense that it is actually shrinking. New technology like the internet and international trading such as the stock market are connecting the people of the world. Now a days someone in the United States can talk to a friend they made online from Austraila from the comforts of their own home. This connection that countries have formed has helped countries expand and grow ecnomically. But while globalization has helped us grow we are becoming reliant on each others support and resources as shown by the 2008 recession. When one country falls we all fall. Our reliance on the U.S. economy caused our own recession when the U.S. markets fell proving that our close relationship with the U.S. can be very dangerous. While the benefits of being connected is great such as being able to help countries that are in dire need of assistance or putting pressure on foreign governments to do the right thing, flaws and problems still exist. But we as a people continue to strive forward and under one planet we unite together.

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