Globalization affects lives in developed countries

Globalization is the process constructing a common, worldwide economy and set of unifying political, economical, and legal principles by destroying barriers1 that have made each country different. Ideally, globalization does not negatively affect a nation's culture and traditions. However, the costs of political and economic reorganization on local economies, human welfare, and environment are the focuses of a debate among international organizations and governments. Openness to trade and investment promotes development and higher incomes, which …

…Over People." The Economist. 18 August 2002. 2. "A Quick Guide to the World History of Globalization." International Studies Association. 2000. www.sas.upenn.edu/~dludden/global1.html\ 3. Dobbs, Lou. Exporting America: Why Corporate Greed is Shipping American Jobs Overseas. Warner Books. 2004, p 41-42 4. Dobbs, Lou. Exporting America: Why Corporate Greed is Shipping American Jobs Overseas. Warner Books. 2004, p.50 5. "A Quick Guide to the World History of Globalization." International Studies Association. 2000. www.sas.upenn.edu/~dludden/global1.html\tr3.\