Globalization
means internationalization. It is a phenomenon involving the integration of
economics, cultures, governmental policies, and the movements around the world.
Trade and investment between Countries have promoted interdependence and the
world‘s economies for centuries. What is now called globalization, however,
represents an exponential acceleration of the integration process. It has been formed
by the leading countries of the world. Nowadays the world is linked as never
before due to
advances in communication
and transportation and also due to trade agreements that have lowered or eliminated
barriers or borders in the exchange of goods. So our world has become a global
village. As a result, similar goods are sold around the world for similar prices.
The highly integrated financial and commodity markets see price movements in
one part of the world instantaneously reflected in other major markets. The
BBC, CNN, MTV and the Internet have accelerated the integration of global
culture. Science and technology have also accelerated this global process. So,
teenagers around the world watch the same videos, listen to the same music and
wear the same clothes. However, we can say that globalization may
bring happiness
for us all only if we can make a mutual understanding, otherwise it will not
only become a
threat
to a developing nation but also ruin our existence and may turn us into
parasites.