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    Activity 3 - Reflection of The Structures of Globalization

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    Paul Zachary A. Dandan
    Globalization is the process of integrating economies around the world through trade and financial flows and breaking down barriers between national borders. It has increased economic interdependence between countries through growing international trade, foreign investment, and flow of capital. While globalization offers economic opportunities through access to new markets and lower costs, it also poses risks such as instability and disruptions that can impact local economies. Overall, globalization marks the beginning of a new modern era where countries are increasingly linked through trade, technology, and culture.

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    Activity 3 - Reflection of The Structures of Globalization

    Uploaded by

    Paul Zachary A. Dandan
    87 views2 pages
    Globalization is the process of integrating economies around the world through trade and financial flows and breaking down barriers between national borders. It has increased economic interdependence between countries through growing international trade, foreign investment, and flow of capital. While globalization offers economic opportunities through access to new markets and lower costs, it also poses risks such as instability and disruptions that can impact local economies. Overall, globalization marks the beginning of a new modern era where countries are increasingly linked through trade, technology, and culture.

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    Activity 3 _ Reflection of the Structures of Globalization

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    Globalization is the process of integrating economies around the world through trade and financial flows and breaking down barriers between national borders. It has increased economic interdependence between countries through growing international trade, foreign investment, and flow of capital. While globalization offers economic opportunities through access to new markets and lower costs, it also poses risks such as instability and disruptions that can impact local economies. Overall, globalization marks the beginning of a new modern era where countries are increasingly linked through trade, technology, and culture.

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    © All Rights Reserved
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    Download as docx, pdf, or txt
    87 views2 pages

    Activity 3 - Reflection of The Structures of Globalization

    Uploaded by

    Paul Zachary A. Dandan
    Globalization is the process of integrating economies around the world through trade and financial flows and breaking down barriers between national borders. It has increased economic interdependence between countries through growing international trade, foreign investment, and flow of capital. While globalization offers economic opportunities through access to new markets and lower costs, it also poses risks such as instability and disruptions that can impact local economies. Overall, globalization marks the beginning of a new modern era where countries are increasingly linked through trade, technology, and culture.

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    Activity 3

    Reflection of The Structures of Globalization / The Globalization of Economic


    Relations

    Globalization is pervasive. Every day, we hear it on the news, read about it in the
    papers, and overhear others discussing it, and the word "globalization" appears to have
    a different connotation on each occasion. So, what exactly is globalization? In this
    article, I shall describe globalization, as well as what I think is at its core and the key
    outcomes of globalization.

    Globalization is the process of denationalizing markets, politics, and legal


    systems at the political and economic levels. It is the expansion of the global economy.
    Numerous international organizations, governmental agencies, and academic
    institutions are debating the effects of this political and economic restructuring on local
    economies, human wellbeing, and the environment. That is one of the most crucial
    aspects of the current global discussion. On a corporate level, globalization occurs
    when a company decides to participate in the expanding global economy and establish
    itself in international markets. They tailor their products or services to meet the linguistic
    and cultural needs of many countries. They may then make use of the Internet
    revolution to build a virtual presence on the global market. Companies are increasingly
    conducting their operations online. By allowing direct worldwide access to information
    and products, e-commerce has transformed traditional business methods.

    Globalization has cultural and ecological implications, indicating that it is more


    than a political or economic phenomenon. That means that countries all around the
    world will become increasingly linked in a variety of ways. Globalization has almost
    certainly touched every aspect of human activity. We listen to the same music, eat the
    same foods, wear the same clothes, and make decisions about environmental, war, and
    peace matters together.

    Globalization, in my opinion, is fundamentally economic. In recent years, it


    appears that more and more economic activity in the world is taking place between
    people living in various nations. It can take various forms, including international trade,
    import and export growth, overseas investments, foreign loans, and bonds, and many
    more. Economic globalization has various effects on businesses all around the world
    and has an impact on practically every other aspect of human existence. On the one
    hand, globalization provides potential advantages, but it also has costs or hazards.
    Globalization promotes economic progress and alleviates poverty. Globalization
    exposes us to developments across the world.

    Globalization marked the beginning of a new modern age in history. According to


    the source, as an individual, you are given prosperity, stability, and predictability, and it
    also helps developing countries modernize and catch up with developed countries, as
    well as reduce poverty because new businesses are formed, allowing for more
    employment in the country due to subsidies provided by wealthier countries.

    Economic globalization has altered people's outlook on life today. Unlike in the
    past, where upper-class residents had nearly everything and poor-class inhabitants
    lived in difficult conditions, more low- and middle-class citizens now have access to food
    and shelter. Because many individuals live a nice life, they can progress our
    technologies today. For example, multinational corporations such as Facebook and
    Skype provide real-time online chats, which is incredible in comparison to the past,
    when it may have taken days or even weeks to connect with the other person when they
    were someplace else. Since the Great Depression, our economy has struggled with
    economic stability.

    Globalization has advanced the way we live and think. Before globalization, you could
    only share your thoughts inside your own country, but today you can do it globally.
    When more people work, more individuals might feel wealthy and generate new events
    in Earth's history. Perhaps one day our technology will advance to the point where we
    can detect extraterrestrial life. For the time being, globalization is only the beginning of
    what you believe is impossible to attain. Everyone on the planet is contributing to its
    history, and you should embrace it regardless of whether the consequence is positive or
    disastrous, but also to the point where the government should still interfere.

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