Globalization Is An Inexorable Integration Of Markets

Globalization has been a contentious buzzword for a long time in our society, but there are two sides to every coin. For some it is a luminous path towards progress and the key to a better world. To others it is a cruel, soulless monster that will destroy cultures and enslave millions. Apparently, Most of the world benefitted from the beginnings of globalization. However, Ellwood and Legrain suggest that corporations might link the world more closely with shrinking supply chain. As trade becomes more globalized, people are more mobile now. Accessible and quick worldwide transportation has made the world seem smaller. In this assignment, several segments from readings will be used to show that globalization has more advantages than it does disadvantages. According to Legrain, globalization is an inexorable integration of markets. Globalization enables individuals, corporations and countries to reach round the world faster, deeper, cheaper and farther than ever before. On the contrary, Ellwood argues in â€Å"Globalization then and now†, that the embryonic form of globalization began with a navigational discovery five centuries ago and then turned into a deliberate project of economy based on a political choice. Personally, I would say that I am benefit from globalization. As an international student from China, I have easy access to Chinese groceries and authentic Chinese restaurants here in Toronto. To some degree, globalization eliminates the barriers between countries andShow MoreRelatedThe Cold War And The World War II872 Words   |  4 PagesDuring the World War II through the present, the Cold War and the Globalization impacted a lot both positive and negative sides for the national world. The Cold War was a remarkable time for not only Germany and Globalization was a big shift for the world. From that, people defined Cold War as a division and Globalization as integration. So why do people define two events like that? 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