Women and Globalization

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Submitted By komalg6
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Globalization

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Women

Komal (4789)

Ruchi (4875)

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WHAT IS GLOBALIZATION?

It is the process of creating languages, services, and products that apply not just to an individual neighbourhood or city or country, but to the whole world. While one interpretation of globalization has to do with equal exchange and sharing of goods and services between countries and cultures, the reality of a globalized world is much different. Globalization is a phenomenon that crosses and erases geographical and political borders and makes all countries start to look the same. As a result of globalization, local products, services, and cultures disappear into a global culture, a culture defined not by the global citizenry but rather the world's economic and political superpowers - mostly North America-owned corporations.

How does economic globalization work?

Economic globalization is fueled by international trade agreements signed between nations. The goal of these agreements is to get rid of barriers to trade by allowing companies to move their factories to countries with the lowest labour and environmental standards, countries where they can produce their products the cheapest and therefore sell them for the lowest price, earning them the highest profits.
What free trade means in real terms is that whichever country can produce the cheapest product, wins. Through the North American Free Trade Agreement (NAFTA), factories in Canada and the United States move to Mexico because they can produce cheaper goods
Globalization also encourages cut-backs to government…...

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