Globalization

After the break-up of Soviet Union, globalization accelerated through the world. It includes the increasing integration of countries' individual economies, the rise in the world trade and multinational companies and the effect of large sums of money moving in and out of economies. People around the globe are more connected to each other then ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are …

…see the good sides of globalization and they argue that economic growth does not necessary make people happier, and often makes them miserable; that institutions like World Bank have made the rich richer while making the nonrich poorer; that conventional idea of free trade are wonderful for managers and stockholders, but hell on workers and nature; and that a turn away the accumulation of things and toward more humane pursuits would be highly welcome (Korden, 2001).