Globalization is being manifested in what could be the largest instrument to promote a globally competitive society – the fast food business. As examples, see the rise of mobile banking in Kenya or the practice of microlending. Among the causes of his birth is: … Globalization and Culture: Globalization and local culture, p.180). The effects vary from social, political, and economic, all aspects of everyday life. Examples Of Globalization And Diversity Antinomical 1114 Words | 5 Pages. Over the years, the fast food business has grown quite a large following all over the world. globalization. McDonald. Globalization Examples: Global concepts in Local terms. Although specialization and trade boost the per-capita income it may cause relative poverty. In first part we will read What is Globalization? In Economics, the “forces of convergence” (also known as Catch up effect) work when two unequal entities interact. By definition, globalization is “the process of increasing interconnectedness among societies such that events in one part of the world more and more have effects on peoples and societies Economic globalization has both advantages and disadvantages. Examples of globalization. As a result, the rate of growth of the under-developed entity is faster than the rate of growth of the developed entity. It has given some business an edge over others in due course. Globalization is the process whereby systems expand from being regional or national to encompass the entire planet. Globalization has accelerated since the 18th century due to advances in transportation and communication technology. Globalization Examples . Social media connectivity platforms such as Facebook, Twitter, LinkedIn, and Instagram are good examples of globalization. Start studying Examples of globalization. 112. Globalization allows us to pool all our resources together. A sample of an Essay on Globalization. Here are common examples of the companies listed, which have implemented local concepts into their businesses to get local recognition in global … Globalization definition is - the act or process of globalizing : the state of being globalized; especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets. Thus, negative consequences of the globalization in China influenced mostly domestic enterprises and employees. Many translated example sentences containing "example of globalization" – Spanish-English dictionary and search engine for Spanish translations. Globalization examples include political, economic, social and culture and technological interdependencies, in addition to informational and ecological. There should be global prospective seen by the companies in local terms to grow and become successful. Examples include the European Union, the United Nations, the World Bank, the World Trade Organization (WTO), and the International Monetary Fund (IMF). 98 examples: Among globalization's many aspects and dimensions, there is also and… Financial globalization Interconnection of the world’s financial systems e.g. Examples of globalization in a sentence, how to use it. Globalization has made it possible for international organizations to be created through treaties between many different countries. Compared to the Mir station at $4.2 billion, the price tag is astronomical. Most of students wants to know about globalization, this essay and examples will complete you concept about the pros and cons of globalization. Thus, they often violate laws. Example of Globalization. Cultural globalization: The intermingling of cultures worldwide, forming a supra culture, is also an example in the context of the definition of globalization pros and cons of globalization. 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