Thursday, January 20, 2011

Globalization

Globalization is defined in my geography textbook as "The increasing interconnectedness of people and places throughout the world through converging processes of economic, political, and cultural change". The main component of globalization is economic reorganization. As companies such as, Nike, Wal-Mart, McDonalds, and the others shown in the picture become more and more international, each countries economy is becoming less and less independent, thus "economic reorganization". If one of these companies starts to struggle, that causes the global economy to decline.

These companies rule the business world. Products from these companies can be seen throughout the world, including most of the LDC's (less developed countries).   This picture shows globalization through the economic/business part of the definition. Since the main component is the economy I felt this was an appropriate picture for globalization.