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Assignment LEA 102 PDF
Assignment LEA 102 PDF
Date: 10-23-22
Course/Year: BS CRIMINOLOGY 2-DELTA
1. Define globalization.
-The term "globalization" refers to the increasing interconnectedness of the
economies, cultures, and populations throughout the world as a result of
technology, cross-border commerce in products and services, and movements of
capital, labor, and information. Over many years, nations have developed
economic alliances to support these movements. However, the phrase became
more common after the Cold War in the early 1990s because of how these
cooperative agreements influenced contemporary daily life. With a primary focus
on the United States, this guide utilizes the phrase more specifically to refer to
international commerce and certain investment flows among advanced
economies. Globalization has wide-ranging, intricate, and politically fraught
repercussions. Similar to significant technical advancements, globalization is good
for society as a whole while being bad for some groups. Recognizing the relative
costs and benefits can help solve issues while maintaining larger benefits.
Disadvantages of Globalization