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Globalization can be highly beneficial for all people by bestowing great fortunes on us by increased trade, spreading of cultures and information and creating choice. Globalization does however have the potential to be so much more. Globalization can perform at a peak if all countries could be involved and not just the majority.
The definition of globalization will be discussed in this essay. The positive sides of globalization will also be discussed without ignoring the negative sides.
Here is the definition of Globalization according to the United Nations Development Programme (UNDP):
"Globalization broadly refers to the explosion of global linkages, the organization of social life on a global scale, and the growth of global consciousness, hence the consolidation of world markets" . Here is a definition according to the International Chamber of Commerce (ICC):
"Globalization is about worldwide economic activity - about open markets, competition and the free flow of goods, services, capital and knowledge" .
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