Globalization

The definition of the term globalization in my own words is the spreading of new companies and industries throughout the world. This can be a good thing because it increases the connnectivity of the markets and businesses. It also helps people know better about each other which then creates a links between these people. The internet, phones, and other electrical devices help the gobalization expand greatly throughout the world. This can be important because new busninesses may be established. The cons of globalization is that many people lost or fear to lose their job due to globaization. This is because of Companies are competing against each other. Another important con is that the corporate may seek control over the world because there is a lot of power which is handed to them during the globalization.