Globalization is actually a phenomenon mainly economic, attaching with increased co-operation and financial integration of nations through the regarding international transact, investment and capital moves. The financial dimension of globalization is a spread from the capitalist system of the developing area of the globe and the alteration of community economies into a single " global" system. The phenomenon of globalization may very well be also within a cultural, social and political. Cultural sizing of globalization is the consequence of the development of mass tourism, increased migration, commercialization of ethnic products and the spread in the ideology of consumption. To contribute to the advancement the advertising activities of multinational corporations and the development of mass marketing and sales communications. The process of financial globalization manifests itself: in the form of various types of structures financial cooperation, the introduction of large intercontinental companies and institutions. Likewise formed businesses that are intended to create the world's monetary order.
The primary distinguishing highlights of the the positive effect of the economic system are:
вЂўThe close relationship of science, scientific progress and organizational вЂўRapid flow details and merchandise
As a result of personal globalization created such foreign organizations while the World Lender, the Intercontinental Monetary Account and the World Trade Business.
There are many quarrels for and against globalization. Here are some of them:
Arguments in support of globalization:
пѓmay lead to the introduction of new varieties of governance as well as the extension of democracy in all of the countries of the world, and as a result - the creation of a fresh peaceful universe system пѓeliminate barriers to trade, the flow of imports and exports пѓthanks to the positive effect, there has been improvement in the field of connection (telecommunications, telephone and Internet), making...
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