It will be discussed how globalization can be defined as a process.
Even though it can brings some disadvantages to the changes in the local consumers and their living environment Three approaches will then be taken of globalization; economic, political and cultural. The basic gains of the growing world interactions are the intensified trades, outsourcing, and capital transfer, expansion of markets, corporate relocations, migration, and cultural cohesions.
Countries with low corporate tax rates are sometimes called "tax havens," as they allow corporations and individuals to lower their tax rates by moving assets offshore.
For example, people can easily get any information on the internet, can contact someone on the other side of the earth, and even can go to another countries freely at lower costs.
Minimize Costs Through Partnership Formation Companies affected by globalization are able to form partnerships with organizations all around the world. The world is changing incredibly fast and no one was able to imagine this over hundreds years ago.
The result has also accounted for the human right theme in our current culture.
Charon suggested that modernity would eventually bring people together, depicting a global social culture pg. Charon posited that social interactions among people throughout the world have increased with the technology of air, ground transportation, and network communication pg.