Globalization and the Effects on the World

During the early 20th century the world economy supported high levels of trade and relatively free capital flows between industrialized nations. Therefore it could be said that the process of globalization started along time ago and not recently as it is perceived for most of the people around the world. Usually globalization is taken to mean growing international trade and investment, but there is more than that. Globalization involves economic activity, having to meet international …

…more integrated creating a vast array of goods and services for many people unfortunately it comes as some expenses. Citations: Louch, Hugh Phone Calls and Fax Machines: The Limits to Globalization Washington Quaterly, Spring 99, Vol. 22, Issue 2 Giddens, Anthony Introduction to SociologyW.W. Norton and Compant, Inc., 500 Fifth Avenue, New York, N.Y. Copyright 2003 Cioffi, John W. Governting Globalization? The State, Law, and Structural Change in Corperate Governance Journal of Law and Society, Dec 2000, Vol. 27, Issue 4,5