-
Step 1
Understand that during the 1970s and 1980s after a somewhat isolationist period following World War 2, the growth in export and imports soared marking the beginning of an internationalized trade.
-
Step 2
Know that international commerce and trade were boosted by free trade agreements that allow companies to sell their products abroad at a huge profit. The World Trade Organization (WTO) is one trade committee that promotes free trade agreements. It is often criticized for doing so.
-
Step 3
Recognize that internationalized trade involves the import and export of culture. The best known examples of this are Coca Cola and McDonalds who have spread their consumer culture to almost every corner of the globe.
-
Step 4
Comprehend that globalization has positive and negative effects. As it opens up trade and communication among countries, it also tends to favor the richer companies in terms of economics.
-
Step 5
Allow for the fact that many people disagree with globalization as they believe and have evidence to show the detrimental effect on developing countries with poor wages and lack of safety standards and the impact of exporting jobs from developed countries.
-
Step 6
Realize that globalization does indeed boost trade and industry yet leaves control of that trade and industry into the hands of a few global corporations. Several big businesses have more power and wealth through free trade agreements that many small or developing countries.
-
Step 7
Conclude that globalization and its output, consumerism, are a part of our daily lives and isn't likely to disappear. For better or worse, globalization connects our planet and provides at one and the same time great opportunities and great disadvantages.
