Contents

• Introduction
• Trade,investment,migration and expertise
• Islamic and Mongol eras
• Industrialization:
• Effects
• Brain drain
• Working conditions
• Business process outsourcing
• Introduction
• Income equality
• Political
• Developing world
• References
• Images

Description

Globalization or (Globalisation)refers to the increasingly global relationships of culture, people and economic activity. Most often, it refers to economics: the global distribution of the production of goods and services, through reduction of barriers tointernational trade such as tariffs, export fees, and import quotas. Globalization accompanied and allegedly contributed to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage.[1][2] The term can also refer to the transnational circulation of ideas, languages, and popular culture.
Opponents of globalization alleged that globalization's benefits have been overstated and its costs underestimated. Among other points, they argued that it decreased inter-cultural contact while increasing the possibility of international and intra-national conflict