Globalization
Globalization is the growing interdependence, integration and interaction among the people and corporations in disparate locations around the world. It is an umbrella term which refers to a complex of economic, trade, social, technological, cultural and political interrelationships.
While being a complex and multifaceted array of phenomena, globalization can be broken down into separate aspects : Globalization or internationalization has become identical with a number of trends, most of which may have developed or accelerated since World War II. These include greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement. The actual existence of some of these trends is debated. The characteristics of globalization are: (a) spreading of multiculturalism and better individual access to cultural diversity; (b) greater international travel and tourism; (c) greater immigration; (d) worldwide fads and pop culture etc.
Negative effects of globalization include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures. It is often argued that even terrorism has undergone globalization, with attacks in foreign countries that have no direct relation with the attackers' own country.
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