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Writer's pictureANALYN PAPA DECIERDO

"Globalization as an Economic Phenomenon"

Globalization refers to the increasing integration of economies around the world. This increase in integration is the result of cross-border movements of goods, services and capital, and cross-border movements of people and knowledge. When we say globalization there is a no specific definition in determining what globalization is. It really depends on a person on how her/she define globalization. But we can just define globalization in a simple definition on how people interact with each other in different regions or countries, share cultures, and spreading news all over the world.



As we all know that the time where globalization started after a world war by conquering countries, they had share ideas, products, and culture. We see the value of globalization as important matter that will lead us in discovering the world of the other countries like exchanging of trademarks that we see the idea of how the other countries develop their industry. It is like a phenomenon on us that it happens a lot in the past era where the trading of trademarks really happens a lot. As we really need to study the globalization, we see many definitions on how people define it in their way in this era globalization happen where Money, products, materials, information, and people flow across borders faster than ever. Technological advances have enabled and accelerated this trend and its consequent international interactions and dependencies. These technological advances were especially noticeable in transportation and telecommunications. The importance of this is to transport and help each other countries develop their life to also promote products that will lead them to produce their branch in all over the countries. Mostly now globalization happens in Internet and internet communication. The Internet has improved the exchange and flow of information and knowledge, access to ideas, and cultural exchanges between people from different countries. It helped break the digital divide between developed and developed countries. As we explore word globalization it gives us various of useful that is very necessary for us to learn on how people happen to trade products and information in our old and new era that can be happen in internet or transactions. Globalization is changing the way countries, businesses and people interact. It changes the nature of economic activity between nations, expands trade, opens global supply chains, and provides access to natural resources and labor markets.



As we realize the importance of globalization it leads us to open our mind on how people from different countries shares products and information. We try to define globalization as a “there is no one meaning” that means we can’t just define it in one way. And for us to learn more on how globalization happen it is better for us to keep up reading books, magazine, newspaper, and articles. Determine historical improvements in technology. Evaluate the importance of technical improvements in solving the problem of resource depletion. Compare the countries of the world in terms of technological improvement. Establish relationships between population growth, resources, and technology. And as we all know that globalization affect in many different areas that we define it in many ways to really understand the meaning of globalization.



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