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Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
Globalists are globalization modernization theorists and argue that globalization is positive for everyone, as its benefits must eventually extend to all members of society, including vulnerable groups such as women and children.
Globalization in South Korea started after the Asian Economic Crisis. The economic crisis during 1997–1998 had created economic regression in Asia, including South Korea. South Korea had a high debt-equity ratio followed by low profitability due to inconsistency in corporate governance, which was the major obstacle.
Technology is an impact that created a bridge that diffused the globalization of culture. It brings together globalization , urbanization and migration and how it has affected today's trends. Before urban centers had developed, the idea of globalization after the Second World War was that globalization took place due to the lifting of state ...
Political globalization is the growth of the worldwide political system, both in size and complexity. That system includes national governments , their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement ...
Westernization, to some schools, is seen as a form of globalization that leads the world to be similar to Western powers. Being globalized means taking positive aspects of the world, but globalization also brings the debate about being Westernized.
Globalization and Health is a peer-reviewed open-access public health journal from BioMed Central that covers the topic of globalization and its effects on health. Globalization and Health was the first open access global health journal available when it came out in 2005. [ 2 ]