Globalization is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole. Globalization connected the global economy together. For the negative impacts, since the markets are all globally connected together, when one market falls, the world's economy collapses.
Globalization is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole. Globalization connected the global economy together. For the negative impacts, since the markets are all globally connected together, when one market falls, the world's economy collapses.
Globalization is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole. Globalization connected the global economy together. For the negative impacts, since the markets are all globally connected together, when one market falls, the world's economy collapses.
1.1 What is happening in the art world is shameful.
1. The peasant didnt really find the silver 2. ? 3. All ancient antiquities were forged 4. ? Find the words and phrases in the reading .. 1. Rumor 2. Allegedly 3. Envy / smuggle 4. Display Change the phrases in italics into compound adjectives? 1. Egg-shaped 2. Star-shaped 3. Left-handed 4. Blue-eyed boy 5. Long haired lady 6. 200-year-old 7. 25-year-old 8. 175-page Make compound adjectives with the words in parentheses. Then write a sentence with each compound adjective. 1. Shape box-shaped My house is box-shaped 2. Hair short-haired The doll is short-haired? 3. Eye hazel-eyes A hazel-eyed boy? 4. Hand right-handed My teacher is right-handed 5. Old 100-year-old A 100- year- old house 6. Page 150-page My book has 150 pages Match the boldfaced words and phrases.. 1. Common / popular 2. Original 3. Knowledge 4. Opinion / narrow 5. Projection 6. Breached? 7. Torn / pieces 8. Refuges 9. Dissolve 10. Mass migration 11. Clue / perception 12. Melting-pot 13. Compound
Globalization What is globalization? Globalization is the process of transformation of local phenomena into global ones. It is when different countries start to connect together as a whole. Globalization connected the global economy together. For the negative impacts, since the markets are all globally connected together when one market falls, the worlds economy collapses. Let us take the United State financial crisis that is currently happening for an example. The US market turned into a disaster because of sub-primary mortgages and the products derived from them. Financial companies started to give out mortgages without checking peoples credibility. Therefore, people who could not afford mortgages also got mortgages. Eventually, the crisis started because people could not pay for the mortgages anymore. Banks and financial companies have all these houses that people would not buy because no one has the money to afford a new house. Finally, banks and financial companies went bankrupt. US stock markets collapsed. Other countries got affected because the worlds biggest buyer, United State, suddenly stopped buying. Worlds economy slowed down and, eventually, the market collapsed. The second negative effect is an environmental effect. After global economy rose, corporations started to produce more and more, because people started to ask for more. However, in order to produce the most in the shorted amount of time, the factories would have to break the environmental regulations and, of course, care less for the workers. Globalization brought up the global economy and made the corporations have to do things that are immoral and unethical. Most importantly, it is hard to find someone to be responsible for the consequences, because the globe is connected together and everyone should be blamed for the consequences.
However, the effects of globalization are not all negative. Globalization has brought up the worlds economy. Countries trade goods with each other. It hastened the trading rate. By trading with each other, knowledge and technologies exchanged and was shared among countries; therefore, the world innovated and improved faster. Globalization not only exchanged ideas and knowledge but also created positive competition between countries. Negative effects Mortgages were given out to people without checking their creditability. People could not afford to buy houses Companies went bankrupt Worlds economy slows down, and market collapsed High demands from people Corporations to produce more and more Doing things immoral and unethical Positive effects
Countries trade goods Knowledge and technology exchanged Innovate and improve faster Create positive competition between countries
Conclusion In conclusion, globalization is overall good the world. Although there are some negative impacts; however, the positive impacts could overcome those negative impacts and make the world a better place.