Globalization is growth on a worldwide scale. It is the process of integration and international influence of economies and cultures. In the examples of globalization below, you'll see that it's not only an exchange of goods, but also an exchange of ideas and even anti-terrorist protections. The more technology advances and the more transportation improves, the more global outlets are revealed. Let's take a look at the many ways in which the world is advanced by methods of globalization.

Globalization in Economics

Interdependence among international economies is a great starting point when seeking an understanding of globalization. A greater number of goods can be exchanged and production methods can be improved. Here are some examples:

• Multinational corporations operate on a global scale, with satellite offices and branches in numerous locations. This means multinational companies can stay open virtually 24 hours a day and service customers no matter where they're located.

• Outsourcing can add to the economic development of a struggling country, bringing much needed jobs. If a powerful organization is able to outsource its call center to a developing country, that creates a new class of jobs for people who may not have had that opportunity otherwise.

• Some automobiles use parts from other countries. A car being assembled in the United States may import parts from Japan, Germany, or Korea. This creates a whole new avenue for trade, when the United States has to pay for certain parts from around the world, wait for them to be shipped, and then resume localized production.

• The European Union is an economic and political union of 28 countries. When you consider the resources that these countries can pool together, it can be said that they stand stronger. Immigrating from one country to another is easier, currencies are more easily exchanged, and tourism is encouraged.

• Consider how one shirt sold in the United States might have been made from Chinese cotton by workers in Thailand. From there, that same shirt may have been shipped on a French freighter that hosted a Spanish crew. Now, people from four different countries have had a hand in the production process before the shirt arrives in a fifth country to be put on sale.

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