“The true success of
globalization will be determined to the extent that it allows each person to
enjoy the basic goods of food and housing, education and employment, peace and
social progress, economic development, and justice” – Juan Pablo II.
Globalization is a topic that often generates controversy and it is still a
highly debated topic since as it is talked about, there are many pros and cons.
Joseph E Stiglitz
said: "what worries is that globalization is producing rich countries with
poor populations" Now, how can we define what globalization is?
Globalization is the word used to describe the growing interdependence of the world’s economies, cultures, and populations, brought by cross-border trade in goods and services, technology, flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. But, the term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life.
Globalization statistics
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