Globalization

“People around the globe are more connected to each other than ever before. Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been titled "globalization." Globalization is the process of denationalization of markets, politics and legal systems.” (www.globalization.about.com) “There is a growing gap between rich and poor worldwide, arguing that the economic forces of globalization are driving a deeper wedge between rich and poor countries, and between rich and poor citizens within many countries.” (World Issues Notes, “United Nations Human Development Report”) “20% of the worlds population, (the consumer class) consumed over 80% of the world’s resources, that leaves 8 out of 10 people worldwide, with access to only 20% of the world’s energy, food, and financial ...