Globalization Theme 2

The textbook definition of globalization is the act of globalizing, or extending to other or all parts of the world. From what I have read about and seen is that globalization was a very important step for the world, being able to interact and integrate among people, countries and governments of different cultures and nations. Countries have been buying, selling and trading with each other for a very long time. Although globalization is not new, it has advanced tremendously over the last hundred year for the better! I also think its very interesting that even today in the current wave of globalization that we are still using similar methods to back in early 1900's. I really like what the author Thomas Friedman compared the current wave of globalization to earlier ones, "globalization is farther, faster, cheaper and deeper."I think that is very true. In todays economy there are so many opportunities for international trade and investment due adopting free-market economic systems which vastly increase their productive potential.Companies are also taking advantage of foreign markets by creating partnerships with foreign partners and moving there companies to there countries to give there company an international industry. This strategy allows both factors to benefit. Another huge factor of the new age of globalization is technology. When new technology is created it helps people connect and transfer things easily from different parts of the world. Over my lifetime I have encountered globalization in many ways. One way it has had a great advantage on our society is the advance of technology. Technology has advanced so much since the 1900's and it gives us so many more options to develop not just technologically but also economically. Another things I've noticed in my live is language. The ability to speak a diversity of languages can be both an amazing asset to have as a young individual. Especially in the foreign job market. Employers are likely to hire someone who can speak several languages rather than someone who can only speak one. The last thing is that globalization can increase the competition for already scares jobs out there. This means that young people who in most cases have little or no work experience, are made to compete for jobs with people with vast work experience. Globalization benefits this world in so many ways and I hope that it keeps advancing into bigger and better things!