GLOBALIZATION

          Globalization

Defenition:

 the act or process of globalizing : the state of being globalized; especially  the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.

Advantage: Global mass media ties the world together  

Increased free trade between nations

Greater ease and speed of transportation for goods and people

Disadvantage:

Increased flow of skilled and non-skilled jobs from developed to developing nations as corporations seek out the cheapest labor.

Increased likelihood of economic disruptions in one nation effecting all nations

Greater chance of reactions for globalization being violent in an attempt to preserve cultural heritage.