What is globalization, and what are some of the traditional Essay

What is globalization, and what are some of the conventional international trade theories that support the concept of globalization - Essay ExampleVincent points out that the present category of globalization is defective as it is largely shaped by the rules made by the superpowers and that is why these rules do not necessarily benefit the developing countries. (Friedman 1992). Globalisation has come to involve a delocalization of moving in activities which previously involved face-to-face interaction, or that were local, due to long distances. This significant delocalization has occurred in the social and economic exchanges and pagan barriers have been accordingly furrowed). Business and commerce has taken the most effect from this phenomena as the internet has turn up to be a tool on Globalisation as e-commerce has revolutionized the entire business scene and broken the notion of geographical boundaries.Globalisation brings with it low costs and through better networking and transport better business networking is possible.The cost of disseminating information has reduced due to the advent of instantaneous