What Is Globalization?

An extremely controversial issue, globalization has been the center if much debate and has raised many questions. Some have viewed its process as beneficial, while many others argue that it produces unfavorable results and consequences. However, before the issues and concerns of globalization, it is necessary to determine or rather define globalization and all which is involved.
Although a fairly new term, dating to 1980s, globalization has been a historical process evident for over the last 100 years. Globalization specifically encompasses several aspects such as trade, capital movement, spread of knowledge, movement of people. …