Globalization

Globalization (or globalisation) is the process of international integration arising from the interchange of world views, products, ideas and other aspects of culture. Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities.

A major consequence of this is the global division of labour, migration (and, as a rule, concentration) across the planet capital, labor, production resources, standardization of legislation, economic and technological processes, as well as the convergence and merging of cultures of different countries. It is an objective process that is systemic, i.e. covers all areas of society. As a result of globalization the world is becoming more connected and more dependent on all its subjects. Occurs as an increase in the total group of countries and the expansion of the number and types of integrating subjects.

Positive aspects:

1) The intensification of international competition. Competition and market expansion lead to the deepening of specialization and the international division of labour.

2) Economy of scale that can potentially lead to cost savings and lower prices, and hence sustainable economic growth.

3) Increase productivity in the rationalization of production at the global level and distribution of advanced technology and competitive pressures for continuous innovation on a global scale.

Disadvantages:

1) Potential regional or global instability due to the interdependence of national economies on a global level. Local economic fluctuations or crises in one country can have regional or even global consequences.

2) The fear that control of the economy of individual countries can move from sovereign governments to the most powerful States, multinational or global corporations and international organizations.

3) The Contradiction between rich and poor countries. Opponents of globalization believe the axiom that it is benefit rich countries. As a consequence, calls for the West to "share" the wealth and technology to forgive debts, etc.

There are plenty of advantages and disadvantages of globalization and it is absolutely individual question to answer: Do we need it or not?