In my eyes, globalization is the process of the world joining together for a common purpose. You can look it as a recreation of "Pangaea." It can be for economic, safety, or environmental reasons. The effects of globalization can be seen in almost everything you look at. You're always seeing things that are "Made in China," or "Made in Japan."
Two of the major drivers of globalization are declining trade and investment barriers, and technological factors. After WWII, Western countries started removing trade barriers. Under GATT and the WTO, trade barriers have continued to fall, and
now do business with already developed nations, and be able to enter those new markets that weren’t open to them in the past. This also forces the developing countries to cut costs by becoming more efficient. The consumers really benefit from this because they can get the products at a lower cost. This in return helps the economy because the consumers have more money to spend on goods.
The......
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