Globalization

THE POSITIVE AND NEGATIVE SIDES OF GLOBALIZATION INTRODUCTION Globalization is a word we are hearing more often these days. Thomas L. Friedman, author of The Lexus and the Olive Tree, describes globalization as a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper, and cheaper than ever before. It is the spread of free market capitalism to virtually every country in the world. With current technological advancements, globalization has …

…training to continuously lead in the global marketplace. The competitiveness would lead to higher standards of living and a more diverse line of products. Training and education play a very important role in securing one’s place in the global economy. The concerns of the opponents of globalization are valid. They are very important issues that we need to address through high standards of education, stronger legislation, and policing in order for globalization to succeed.