globalization

Globalization can be defined as an increasing interaction of national economic systems all over the world through the growth in international trade, investment and capital flows.This interaction is seen by many as a worldwide drive toward globalization and a globalized economic system. Furthermore with the big development in modern communications and information technologies, knowledge and culture can be shared around the world. Globalization is a new reality, an economic, political and socio-cultural phenomenon which has an increasing impact on the way enterprises function whether at the local or global level.

I think the benefits outway the cost of globalization because they build hospitals, roads, freeways, community clinics with taxes not with goverment money.  Many things are changing due to people and new technology.