Review:
Globalization
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
Globalization is the process by which businesses and other organizations develop international influence or start operating on an international scale.
Key Features
- Increased interconnectedness among countries
- Rapid spread of information and technology
- Growth of multinational corporations
- Cultural exchange and diversity
Pros
- Promotes economic growth and development
- Facilitates access to a wide variety of goods and services
- Encourages collaboration and cooperation among nations
Cons
- Can lead to exploitation of labor in developing countries
- May result in cultural homogenization and loss of traditional values
- Contributes to income inequality on a global scale