Globalization is a common phenomenon in modern society, which affects all spheres of its functioning. This term means “the connection of different parts of the world” (Effects of economic globalization, 2019). Such a process is often typical for the economic sphere, within which business interaction becomes international. Altman and Bastian (2021) note that globalization is measured by “more than 3.5 million data points on trade, capital, information, and people flows” (para. 2). Politically, the term globalism is spreading when all processes must be considered from a global perspective (Vanham, 2019). As part of this phenomenon, different aspects of people’s lives also become more closely related. In particular, international economic flows can influence political and social life in different regions.
Modern means of communication significantly simplify the interaction of different countries and continents, which enhances the internationalization of all spheres of life. In particular, cultural globalization occurs within the framework of which the products of one country are distributed around the world (Vanham, 2018). This process can lead to negative consequences, such as the elimination of cultural diversity. Another critical issue associated with globalization is climate change and environmental disasters. For example, pollution at one end of the globe can lead to extreme weather conditions on the other (Vanham, 2019). Thus, globalization makes all processes, including economic, political, cultural, social, environmental, and other parts of the global agenda.
References
Altman, S., & Bastian, P. (2021). The state of globalization in 2021. Harvard Business Review.
Antunes, S., & Camisão, I. (2018).Introducing realism in international relations theory. E-International Relation.