1. The Effect of Globalization
Goods can be things like clothes, food, machine parts, or even things like furniture. ... For example, a country with lots of farmland might have plenty of food, but it might not have any factories to make cars. Another country might have many factories to make cars but very little farmland to grow food. One country will grow lots of food and sell some of it to the other country. ... With their recovery now ensured, Japan embarked on a period of great economic growth, which is growing at a faster rate every day. ...
The Industrial Revolution accelerated the development of globalization and with the help of new machines or new transport carried the products further and faster. ... For example there are lots of international fast food companies such as McDonald's, KFC and Pizza Hut and we did not have to go America any longer to buy a Big Mac or when you go to the United States, you can visit China Town in San Francisco and buy traditional gifts for your friends from there. ...
Germany's industries are among the world's largest and most technologically advanced producers of iron, steel, coal, cement, chemicals, machinery, vehicles, machine tools, electronics, food and beverages, shipbuilding, and textiles. ... Indeed, Germany's exports have contributed two-thirds of the country's economic growth over the past decade and have driven its GDP per capital to increase faster than that of any other major industrialized country. http://www.foreignaffairs.com/articles/67899/steven-rattner/the-secrets-of-germanys-success Germany also has a very influenti...
Globalization is a vast and dynamic process, which encompasses all aspects of our existence. Because of the vast nature of globalization it makes giving a neat definition difficult. Although globalization is a relatively new term in our eyes, it has been occurring throughout the world for the past 5...