Question

What form do you think the globalization process will take over the next decade?

Answer 1

Globalization is the process of coming together of dfferent nations for better trade, economic and political relationships. It considers the whole world as one geographical boundary.

Globalization has both positive and negative effects.Over the next decade, I think globalization will provide more positive economic results but more negative environmental and cultural results.

Capital, Technology and skill labor migration will better off less developed nations. Simultaneously, western culture where the cases of psychological issues, disturbed family structure, divorce, suicides, alcoholism, terrorism etc are increasing will also find its place in less developed nations. So, you will find glimpse of US & UK in all developing and less developed countries.