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Understanding globalization is a challenging task that this article will help make a little easier.


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    The first and best step in understanding a concept is to define the terms. At the risk of oversimplification, this article must assume a reminder of basics is in order.
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    Globalization: In brief terms, globalization is defined as "...a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world."
    • Interaction is the free exchange of trade and business between nations and cultures. McDonald's and Burger King are good examples. One being an American company, the other a British company.
    • Integration is the merging and co-ownership of industry, business, and investment that does business in different nations. International cooperatives are examples of this cooperation.
    • People is the cooperation of the peoples of two or more nations acting as if they are the citizens of all nations involved.
    • Companies which are are co-owned by two or more nations, serving the people of each nation equally with the other.
    • Investment is the international banking and finance, and the cooperation of institutions acting as if they were doing business within only one nation.
    • Governments of the several nations which share the same idealism, mode of government, and officials. The government of two or more nations rule from a central location which oversees and controls the people, companies, and investments of all nations concerned.
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    Globalization is often defined as the cooperation of business, finance and trade, but it is much more than that. The cooperation of business, finance, immigration, and trade falls within the framework of any sovereign government. These practices occur on a daily basis by agreement between nations. Globalization, on the other hand, by its very definition, not only interacts, but integrates these practices and controls them from a central government or co-government of nations. There are many nations in the world today who are only partly sovereign, in that they would collapse if not supported by another government or a union of governments.

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