Globalization is the inter-dependence of nations on one anothers' goods, resulting in a global economy. One may argue that such has occurred since civilization began, with the thing we know as commerce, but that is more wrong than
right.
There are perks of globalization, such as:
- The ability to travel internationally easier.
- A wide variety of goods, differing in
quality and price dramatically.
- Forced
peace between inter-dependent nations, which results in less war.
- More universal measurement, arithmetic, and language, making it easier for people to communicate internationally.
Of course, globalization has serious
draw-backs, too:
- If one economy declines, the rest do, too. This is much
like a farmer using one variant of one crop, which
will result in the destruction of most of his crop, if a
bad disease hits.
- If a universal currency is not used, some, smaller nations
will have disadvantages in trade.
- If one nation so chooses to withdraw from the global economy, the entire thing could collapse.
- Those countries that offer less valuable products than others
will get fucked over.
- The richer nations profit more than the smaller ones.
