The term globalization generally refers to the opening of international boarders to allow trade to occur between different countries. Globalization can also include immigration between countries, business investments across national boundaries and the exchange of information and technologies around the world. The ability to open up countries and operate under a world banner has some benefits and also some negative impacts. Major international organisations such as the World Trade Organisation, the International Monetary Fund and the World bank, help regulate the impact of globalization so that poor countries don't get taken advantage of by the wealthy.
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Activity
Trade
Trade is vital to the success of a civilization. It is rare that a civilization can produce just enough of everything it and its people need to survive. Usually a country will have too much of one resource and not enough of another. Therefore, countries need to exchange goods to ensure that all needs and wants are taken care of.
Trade is simply the exchanging of something for something else. This can be one good for another good, one good for money, one good for a service, a service for a good, money for a service, etc.
Trade is simply the exchanging of something for something else. This can be one good for another good, one good for money, one good for a service, a service for a good, money for a service, etc.
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