Globilization: At what cost?

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Issue:

English

 

Written by:

Christopher P

 

Date added:

May 2, 2014

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 624

 

Was viewed:

8568 times

 

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Essay content:

Globalization has the potential to benefit the world as a whole when the removal of barriers to free trade and a closer integration of national economies are successful. However, the mismanagement of the processes especially in the form of privatization has often created more problems. Most disturbingly this mismanagement has caused a serious deterioration of people's quality of life and increased the deterioration of the environment...
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In the late 19th century, there was already an open global economy, with a great deal of trade, including trade in currencies (Castells, 2000). However the globalization of today's world is a much more revolutionary phenomenon. The modern revolution of globalization can be largely credited to changes in Information Technology, politics and policies, and the necessity of a global economy...
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