Tuesday, September 30, 2008

What is Globalization

After reading this article (http://www.globalization101.org/What_is_Globalization.html,) I now know exactly what globalization is. It has been going on for a very long time, even before World War I. Globalization is basically the trade of goods between two countries. Since 1950, the trade volume between countries has gone up 20 times what it used to be. The new wave of globalization has been driven by new policies and technology. Things like free-market economic systems and advances in information technology have greatly helped the outburst of globalization.

Things I want to know after reading:
1. How did globalization start?
2. Is it effective?

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