The Global Village: -Marshall McLuhan was the person who came up with the concept “the global village”. (1962), which later on, his prediction became a fact that’s affecting the whole world.
-Advancements in technology (media, internet…) are what made the idea of a global village exist.
-Many sectors have been affected (positively) by globalization, but mostly in trade of goods and services.
-Globalization has increased wealth in many of the world’s greatest nations; on the other hand, it has also been making poor countries suffer from the control of powerful countries and big businesses.
-Globalization has also been impacting local industries as well as cultures and traditions.
-Many people believe that globalization is a process that has been around for centuries, such as goods like silk and spices have been traded across Asia from China.
-Unlike trade, frequent and direct contact haven’t began until a few hundred years ago
-Britain had become the leading trading nation and colonial power by the nineteenth century.
-Before the industrial revolution, economy all over the world was being controlled by its states, unlike Britain; its economy was left free, which resulted in technological advances, maximum production, and low prices.
-Capitalism contradicted traditional ethics.
-The industrial revolution made working conditions horrible for the workers and their families.
-Subsequently, the state made some regulations to protect workers against abuse.
The Global Village:-Marshall McLuhan was the person who came up with the concept “the global village”. (1962), which later on, his prediction became a fact that’s affecting the whole world.
-Advancements in technology (media, internet…) are what made the idea of a global village exist.
-Many sectors have been affected (positively) by globalization, but mostly in trade of goods and services.
-Globalization has increased wealth in many of the world’s greatest nations; on the other hand, it has also been making poor countries suffer from the control of powerful countries and big businesses.
-Globalization has also been impacting local industries as well as cultures and traditions.
-Many people believe that globalization is a process that has been around for centuries, such as goods like silk and spices have been traded across Asia from China.
-Unlike trade, frequent and direct contact haven’t began until a few hundred years ago
-Britain had become the leading trading nation and colonial power by the nineteenth century.
-Before the industrial revolution, economy all over the world was being controlled by its states, unlike Britain; its economy was left free, which resulted in technological advances, maximum production, and low prices.
-Capitalism contradicted traditional ethics.
-The industrial revolution made working conditions horrible for the workers and their families.
-Subsequently, the state made some regulations to protect workers against abuse.