Globaliation can be defined as the process by which regional economics, societies, and cultures that have become intergrated through communication, trasportation, and trade. two major players involved in globalization are
interational organization and
inernatonal monetary fund. the international organizations some of the main targets of globalization critics are like the WTO. other key players in this group are united nations, the world bank, and the international monetary fund. the WTO is mainly responsilbe for drawing up and enforceing international trade agreements, the WTO stands at the center of globalization debate. the united nations founded at the end of world war two as a peacekeeping organization.world bank also funded at the end of world war two drew to close, the world bank has seen its mission over time. its initial goal was to help europe recover from the later war. international monetary fund founded at the same time as the world bank. the debt service is the series of payments of interest and principal a borrower agrees to pay a lender over the life of the loan. citizens of the world should care about globalization because it is a world crisis determining the way economics, communication, trasportation, and trade play and drives our world.
i beleive that the benefits of globalization outweighs the costs. a world with people poor, in debt, and unable to have a successful because of the ouweih cost globalization puts on the people of the world.
economic development our world is ahead of time in technology by at least fiffty years sccientist say. a world going to fast for its people to catch up as the rich get richer and the poor get even poorier globalization is coming down to ever man for himself.
