What do you think of Globalization in today's world

Question

im doing an assignment on globalization on poverty and i need some answer that would help me to really understand the concept of Globalization

Answer 1

I think globalization is the opposite of isolationism.  

Perhaps North Korea is a good example of isolationism.  Because North Korean deliberately restricts its contacts with other countries.

And USA is a good example of a country embracing globalization.  Because USA has more various contacts and relations with other countries than most other countries have.

Globalization in today's world is international trade, travel, personal relationships between foreigners, and exchange of information through the internet and other ways.  

Answer 2

Globalization - occurs when large global companies move between countries so that we no longer have lots of separate national economies but one world economy that is influenced by these large companies.  This movement is mainly due to companies moving and expanding production from and between countries to take advantage of the lowest prices, especially labour costs.  I hope this helps.

Answer 3

Globalization is perhaps one of the greatest things that could happen to society.  It helps people achieve a better standing of living no matter which way you slice it.  In the long run, globalization minimizes poverty and stimulates innovation.