Running head: GLOBALIZATION OF OUR ECONOMIC SYSTEMGlobalization of Our Economic SystemNameInstitution Affiliationc1GLOBALIZATION OF OUR ECONOMIC SYSTEM2Globalization of our Economic SystemGlobalization is significant because it offers business opportunities from the foreignmarkets. Globalization means direct relations between countries because it provides differentaspects of economic integration. Internationally, the idea of globalization has led to an increaseof trade over the years. Therefore, many companies in various countries have emerged to lookfor new growth opportunities, which are beyond their originals country's border. Globalizationhas essential features that promote culture and women although deferent responses from differentcommunitiesImportant Features of GlobalizationGlobalization has led to the interconnection of societies whereby the world has becomelike a global village where people can access others easily. The interaction of the people has ledto exchange in cultures and idea that has helped to improve the overall world relations. Forinstance, globalization has seen continents that are underdeveloped interact with the developedthus reducing vices such as racism.It has also led to economic integration through which countries can share resourcessuch as raw materials and new ideas of investment opportunities hence creating a competitiveenvironment. This kind of environment could lead to the production of quality goods becauseever ...
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