Topic > Importance of globalization - 848

Globalisation contains various aspects of meaning, it is a spontaneous and uncontrolled process of increasingly intense integration of the countries of the world into a single economic system. As defined by the International Monetary Fund (IMF), globalization is a development of the economic interdependence of countries globally as a result of the increasing volume and nature of tariff transactions in goods or services. Furthermore, the development of advanced technologies makes it easier for people to communicate around the world (via the Internet, international video calls, e-mail, etc.), and the transportation of goods distributed between different countries is much cheaper and faster than in the past. before the 1990s (when globalization trends were not commonly widespread on the global scene). Globalization is also the continuous flow of information that can bring changes to all social processes and a transformation of time and space. It not only changes the global economic situation, but also has a huge impact on the daily lives of people around the world. Therefore, due to the development of globalization, new norms, rules and regulations have been issued. International affairs, both governmental and non-governmental international affairs organizations (e.g. the WTO) occurred. Globalization implies greater openness in the international economy, despite the development of technological advances, trade liberalization and other forms of economic liberalization which have brought about reductions in trade protection and a more liberal international trading system. Since the 1990s, with the efforts of the World Trade Organization (WTO), tariffs and... half the paper... have ended. For example, "world music", new technologies and transportation allow a wider audience to enjoy music or any old/new musicals that only a few people had the chance to see in the past. And now it's quite common for all famous singers/dancers/etc too. to have their "world tour shows". All these methods then influenced the music we listen to, the novels we read today, and therefore our norms and values ​​towards popular culture have more or less changed compared to the last decades. According to the information mentioned above, the word “globalization” is not an easy and simple phenomenon to describe. It contains various meanings that concern different aspects. The influences that globalization has brought to our world today do not only concern the global economic situation, but also concern the political and social effects.