The_Effects_Of_Globilazation

The Effects Of Globilazation The upraise of the global market had led to the dissection of the world into three divisions: the first world country, consisting of primarily developed nations, the second world country, consisting of primarily communist nations, and the third world country, primarily developing nations. A new phenomenon called globalization conquers the crossroads of the new world. Globalization works hand in hand to transform the world and to create new barriers and challenges for the future. Every institution that fell into the form of globalization has been changed. Globalization is simply a tool that enables the actions of governments to be monitored by other countries and world organizations. The idea of the world becoming a small interactive village is what many would consider the effect of globalization. Boundaries are no longer a limit and can be crossed over with an easy click on the mouse. (Speth) Globalization can affect nations in a variety of ways. Although globalization has created a monoculture for the world, it has affected the developing countries in a negative way, particularly affecting its economy. The current form of free trade, global markets, and global media exert a terrifying power and domination in directing the developing countries. Developed countries global, countries, government, globalization, economy, market, developing, world, trade, markets, local, same, free, country, new, economic, developed, because, restriction, production, media, impact, corporations, control, best, been, way, very, team, nations, industries, compete, coach, themselves, protect