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  1. Introduction
  2. Globalizing World
  3. Discussion
  4. Conclusion

Humans have always settled within their own localities where they have been acquainted to as their homes and comfort zones. This has been the case for over many centuries. The constant characteristic of humans to explore and learn new things has changed this notion. Humans have continuously been on the move as some look for new settlement places while others are just curious and want to explore new things. Others have been forced to move to new vicinities due to pressure resulting from uncontained population growth and eventual explosion or being displaced due to wars, hunger or other natural disasters.

This movement that is limited to surrounding localities has increased significantly to a point that people have been able to cross borders and travel far and wide for business, educational or exploration purposes. This has led to imminent sharing of cultures, ideologies and interaction between different nations and continents. The processes involving all these activities are referred to as globalization. Extensively, it is described as the integrations of all the activities involved in globalization including transportation, information sharing and rise of new communities (Ritzer, 2005, 78). This has been accustomed to advances in technology, the internet, robust road network, reliable air travel and trusted transport system.

[...] Research indicates that politically, globalization has led to harmonization and control of, authoritarian dictatorial, regimes. The decisions by governments to liberalize international trade have eased the propagation and increase of globalization. International trading blocs have been formed as a result of globalization, and the use of a unitary monetary system such as the euro has cropped out, as well. Describing the idea of financial globalization requires stakeholders to tackle a number of expression and trade issues. Solving these problems is significant in analyzing the repercussions of financial globalization. [...]

[...] Globalization is not just about crossing borders and settling on the other side. It also involves close interaction and relationship building between people and systems already set in such places. Such systems include labor unions, immigration and education policies. People have been able to interact through other avenues like international events such as the Olympics, which has been able to unite people of different nationalities and cultures (Sua?rez 2004). For instance, soccer is clearly a global sport that unites and socializes nearly the entire world. [...]

[...] This has ignited much debate and consequent research to investigate the causes and eventual effects of economic globalization on world economies. This is research has been based on arguments for and against policies that are made to support integration of emerging markets to the world markets (Scholte 57). The research and eventual findings state that the benefits of globalization outstretch issues that stand against it. Therefore, the policies that are formulated thereafter by emerging market are .aimed at managing the processes of integration into the global market. [...]

[...] The earlier views state that developing countries derived the benefits of globalization from long term capital flows from their advanced counterparts. This is made possible by the fact that the advanced countries are rich in capital whereas the developing countries are relatively poor. Some of the information derived from these literatures is that they turn out to be conflicting especially on the subject of growth. This is more so especially when the information provided states that some economies developed out of their own policy and did not have to depend on some other advanced economies to get on their feet. [...]

[...] Additionally, countries that face problems continuously are associated with government debt. They are likely to benefit from financial globalization if their administrations concurrently take policy procedures to avoid an excessive increase of debt. Capital has lately been moving in upward direction from countries that are poor to those that are rich. This is evidently, non industrial countries appears to have a positive link between a country's present account surplus and its subsequent rate of development. This leads up to the studies of the proposition of these rather bad experimental observations for economic strategies in light of the most recent investigations. [...]

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