Running Head: Globalization- Moving Forward or Moving Backwards?
With 35 million people, Tokyo gets the trophy for being the world’s largest city. Second place goes to Bombay with 22.2 million people and New Delhi follows that with 20.9 million (McKinnon, 444). It is no question that the world is home for billions of people and the number is growing. The world today is very different from what it was years ago. Through new technologies, we are able to communicate with people in a matter of seconds. The Internet connects people to do business internationally and quick. It has reduced the traditional problems you get with trading. It is now very easy to trade goods and services around the world. Because of this, markets are more open and competition is bigger. Investment has changed with online banking. It allows people to move their money internationally. Globalization is a process where global connections become thicker and it creates relationships between many people in vast distances. Globalization is a system where people aren’t in their own little villages anymore but they are brought together by trade or diplomatic relations. Globalization represents a change in human organization; there are both positive and negative effects of globalization.
As our world with new technologies begin to march forward, many countries are being left behind. For example, economic reforms have transformed India into the second fastest growing largest economy. According to India: Rich vs. Poor, they mentioned India's economic growth rate in the year 2007 to 2008 is 9.1% compared to the United States' growth rate in 2007 to 2008 is 2.2%. India’s economic growth rate is supposed to be even higher in the next few years. It is one of the fastest growing economies in the world. The Indian rupee has even grown stronger than the United States dollar (Roskins, 467). With all this said, India seems like its on track to be a dominating world power. However, India suffers from high levels of illiteracy, malnutrition, and gender inequality. India
As our world with new technologies begin to march forward, many countries are being left behind. For example, economic reforms have transformed India into the second fastest growing largest economy. According to India: Rich vs. Poor, they mentioned India's economic growth rate in the year 2007 to 2008 is 9.1% compared to the United States' growth rate in 2007 to 2008 is 2.2%. India’s economic growth rate is supposed to be even higher in the next few years. It is one of the fastest growing economies in the world. The Indian rupee has even grown stronger than the United States dollar (Roskins, 467). With all this said, India seems like its on track to be a dominating world power. However, India suffers from high levels of illiteracy, malnutrition, and gender inequality. India