What is Globalization?

Globalization is the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions in goods and services, free international capital flows, and more rapid and widespread diffusion of technology.

Globalization has economic, political, cultural and technological aspects that may be closely intertwined.

What is the truest definition of Globalization??

Answer: Princess Diana's death

Question: How come?

  • An English princess
  • with an Egyptian boyfriend
  • crashes in a French tunnel,
  • driving a German car
  • with a Dutch engine,
  • driven by a Belgian who was drunk
  • on Scottish whisky (check the bottle before you change the spelling)
  • followed closely by Italian Paparazzi,
  • on Japanese motorcycles;
  • treated by an American doctor,
  • using Brazilian medicines.
  • This is sent to you by an American,
  • using Bill Gate's technology
  • and you're probably reading this on your computer
  • that uses Taiwanese chips
  • and a Korean monitor
  • assembled by Bangladeshi workers
  • in a Singapore plant
  • transported by Indian truck drivers
  • hijacked by Indonesians
  • unloaded by Sicilian longshoremen
  • and trucked to you by Mexican illegals....
now... That, is Globalization!!!!!! >>> a tongue in cheek version.

Just a footnote: History of Globalization:

Globalization was not an issue 300 years ago. When did the process of globalization begin? Is it a new thing?
  • Globalization is not a new phenomenon.
  • Globalization began during the era of colonization (19th century) when major European powers began setting up colonies all over the world.
  • Colonial economies were organized to suit the needs of the core countries of the capitalist world system.
  • Places like Africa, India, Canada and Australia became the property of European nations, thereby bringing their ideas, beliefs and way of living to new people and places. This colonization was usually forced.
Yours truly is not about to talk about globalization, but just to share the lighter side of it so that we have a general idea what globalization is all about.

Have a good read.



Hi there... want to change your favicon? find out how.. Have a nice tuesday!

Happy Wednesday! Bloghoppin' here... Hey, I have an interesting tutorial for you that I have written myself. It is about adding Adsense on your Single Post in XML template. I hope you'll like it! God Bless you!

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