| What is globalization? |
| 1 | Globalization has been coined to describe the advent of international community, in which the happenings in economy, politics, environment and culture in one part of the world can impose great influences on the people of the rest of the world. Globalization is the product of development in telecommunications, transportation and information technology. It demonstrates the connections of the increasingly development of economy, politics, technology and culture among individuals, communities, companies and countries. Globalization also includes the growth of multiple companies and international companies. International organizations monitoring global trade and finance are playing an increasingly important role in the globalization age. Globalization is a term for the emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significant for people in other parts of the world. |
| 2 | Globalization is the result of advances in communication, transportation, and information technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, businesses, and governments around the world. |
| 3 | Globalization also involves the growth of multi Although most people still belongs to one country, they are taking more part in the lives of people from other countries culturally, materially and psychologically than ever before. Far-off matters often can cause swift and important influences. The daily stuffs in our life, such as clothes, foods and cars, are all globalized productions. |
| 4 | The most obvious evidence of globalization is the growth of trade and capital flow (stock, bond, currency and other investments). International export volume has increased by a 20% from 1950 to 2001. International trade has reached 1/4 of the total global productions and services by the year 2001. As to the capital, currency deal in one day has exceeded USD 1.5 trillion at the beginning of 21st century, compared to USD 10 billion to USD 20 billion per day at the beginning of 1970s. |
| 5 | Most experts believe that globalization is the consequence of improvement in telecommunications, transportation and technology science. For example, due to the innovation of telecommunications and information are be able to trade globally 24 hours a day. A 3-munite telephone call fro proceeding, not only currency but stock, bond and other financial assets m New York to London was over USD 300 (calculated according to the price in 2000) in 1930, instant telecommunications were very expensive. These expenses are trivial nowadays. |
| 6 | The improvement in telecommunications and technology techniques curtails the procedure costs of business orders by more than 90%. For example, it costs only several cents in banking when making trades through the Internet with computers, conventionally, it would costs several dollars. In the 3 decades of the 20th century, the actual cost of computering is down by 30% annually. People can maintain swift communication with their customers and families whenever and wherever possible. |
| 7 | Improvement made in the telecommunication area connects people from all over the world all the time, for instance, satellites enable radios and televisions to broadcast news about wars, nation disasters, sports events and other entertainments. Internet, mobile phones and fax machines realize swift telecommunications. |
| 8 | The other aspect of globalization is the improvement in the transportation conditions. Jet aircrafts which deliver your goods overnight make the world smaller and smaller. Even the slow ocean ferries have increased efficiency and lowered the costs because of innovations as compressed containers. |
| 9 | The advancement of information science and technology reduced the business costs. For instance, global Cisco system company is one of the largest companies based on stock market value. Nevertheless, Cisco has only three factories for Internet maintenance facilities producing and other tasks are outsourced to other companies. |
| 10 | The decline in costs enables American companies to move to overseas, and at the same time it is easier for the foreign manufacturers to set factories in America. 2/3 of the Japanese Toyota automobiles sold in North America are produced in North America. |
| 11 | Not only goods, currency and information are swiftly moving between long-distance, but also more and more population is largely moving. The influx of immigrants is an important feature in the age of globalization. Money sent to their home countries by workers has become an important source for incomes in many countries. |
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