How Globalization Impacts an Economy

in Project HOPE3 years ago (edited)


1610294296602.png

Greetings colleagues and it is an honor to be back with you with other content from the economic world, for this opportunity on a topic that is very versatile as globalization, in a previous publication I published an article on that topic as a phenomenon, but for this occasion I will address how it impacts the economy and its society.


Since globalization, my friend, is a phenomenon that was born from capitalism, like that cultural changes, technology, economy, which is very influential in large economies or in smaller or emerging economies, affects the taste and habits of consumer behavior, through the consumption of globalized goods and services, as if it were a basic need, the loss of our culture by adopting other cultures that are not ours, goods in the clothing and food brands, in the economy an increase in the movement of capital and, to a lesser extent, of labor, by foreign companies.


Another important effect on an economy is when it becomes evident that only a greater economic integration of all countries of the world as a result of liberalization or free trade as part of capitalism, but at the technological level not all society and economies are willing or have the necessary resources with new technologies and innovations that impact the economy at the banking level, new platform of digital ecosystem, as a block chain with the handling of crypto-currency not everything is informed and the handling of this type of technology, the new telecommunications platform, telephone technology and the Internet has been at present very influential in the culture of a society.


From another point of view both in education there is a new method of digital learning very influential in the culture of the new generation of relay, from a positive point of view I participate them, which should be conducted with a view to raising living standards, thanks to new influential market for the development of international trade, and distribution of production of goods and services at global or world scale, I just wonder are well established economic models or systems to respond to this opportunity to meet the demands of their society.


PWRlilq.png


20191017_203627.gif

Sort:  

Warning! This user is on our black list, likely as a known plagiarist, spammer or ID thief. Please be cautious with this post!
If you believe this is an error, please chat with us in the #appeals channel in our discord.

One of the things I like about globalization is that it is not possible to control such a big market and any person or company can sell in a giant market while protected economies are stagnant, Venezuela is the best example of a controlled and protected economy that only makes things expensive and labor very cheap.