Paper Summary:

This paper looks at how we live in a world of international 'super companies' and explains what effect this has on us, from our day-to-day lives to greater effects such as the environment and the government. It discusses how whether or not globalization is a good thing or not is open to debate, with mass support and mass hatred, not only from those in foreign countries. It explores how many like the idea of globalization, but not in the way that it is carried out with America taking the lead.

From the Paper:

"Many see globalization as purely an economic fact, and to some extent this is the most important aspect of globalization. The economies of the world have become global with no more state economies as money flows freely around the world with large organizations to "control" this, such as the World Bank and International Monetary Fund. This increase in international trade has led to 16 times the amount of goods being traded around the world since 1950. This has made us richer with the creation of many more jobs, and now more opportunities to work abroad as these jobs flow between nations as well as money. According to Professor Garellis, this opening of world markets and harmonization of international business rules through such agreements as the General Agreement on Tariffs and Trade (GATT) puts enormous pressure on business to relocate as a massive labor force that was once unreachable is now reachable, usually at a much lower cost."

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