GLOBALIZATION Globalization of the Economy

Globalization of the Economy

Introduction

Globalization means increased interconnectedness, the expansion and deepening of various social, economic and political, the growing interdependence of all societies together, promoted by increased financial flows, financial and communications. Globalization has benefited from the explosive development of two sectors, considered the mainstays of modern society: the financial markets and the media. The financial statements are immaterial, immediate, permanent and global, exchange instant day and night, data from one extreme to another land. In this global financial market, the major collectors and at the same time recipients of funds, are the rich countries.

Importance of Globalization

Globalization has become almost commonplace in the justification of any measure or in the interpretation of changes that occur both in public and in private. Its spread seems to derive from one's own ability to explain the task force for a number of changes that occur and impact on everyday life with extraordinary toughness. Globalization appears to be the most important issue of social sciences since the late 90's. The key phrase is repeated continually refers to "the challenges posed by globalization," and also appears as the main justification for public policies to be adopted by very unpopular or they can be painful. In this phenomenon, the views are very diverse, where there is a position that is absolutely true and they are in the rugged field of opinion, and that is why everyone tries to analyze the main arguments for and against the development of globalization process (Appadurai, 49).

Origins of Globalization in USA

The economic argument of globalization and capitalism says that the world has to undergo a massive deregulation to achieve the same prosperity as the United States. This argument ignores the fact that:

The State has played a major role in the rise of ...