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Essay / Essay on globalization - 1112
Salma Abdel SamieM. Christopher TrammelHistory 9AMay 5, 2014GlobalizationGlobalization, the acceleration and strengthening of global interactions between people, businesses, and governments, has had a tremendous impact on the world, both culturally and economically . This generates a fast-paced, increasingly connected world and also praises individualism. This has been a major concern among scientists, politicians, government bureaucrats and the normal and average human population. Globalization has favored the independence of nations and peoples, relying on organizations such as the World Bank but also on regional organizations such as the BRICs which encourage “a world without poverty” (World Bank). Despite the fact that critics may argue that globalization is an overall positive trend, globalization has had a rather negative cultural and economic effect, such as the gigantic wealth gaps and the generalization of American culture, "Americanization"; globalization had good intentions but bad results. The structure of the global economy is clearly a dependent structure, relying on many aspects of government to power its economy and operate it reliably. The cycle continues between government, businesses, product markets, resource markets and finally households. As for the government, it provides public goods and services to businesses and households and welcomes taxes in both respects. In a different way, they make payments in resource markets, receive resources in return, and provide prices for product markets receiving goods and services in return. Moving to businesses, they provide wages, interest, rents and profits to resource markets benefiting in return from their production of resources and goods and services to produce...... middle of paper .. ....ney, natural resources and it poses more problems than it provides solutions, but globalization has not only affected the world in an economic but also cultural approach. What is culture? Culture is identity; it is the indigenous or non-indigenous ideology, habits, customs, appearances and beliefs by which people are raised or to which the various surrounding nations adapt. It is a network of knowledge shared by a group of people. Culture consists of configurations, explicit and implicit, of and for behaviors achieved and disseminated through symbols establishing the distinctive achievement of human groups, including their embodiments in artifacts; the vital core of culture is made up of traditional ideas and especially the values attached to them. Cultural systems can, on the one hand, be considered as products of an action and, on the other hand, as influences conditioning subsequent action..