Globalization and Its Impact on the World
Classified in Geography
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Dividing the World
Globalization's Influence
Globalization has extended the culture and way of life of the USA and some European countries to the rest of the world.
The world today can be divided into two main parts: central areas and peripheral areas.
Global Cities
Global cities (New York, London, Tokyo, Paris, Berlin) are the main decision-making centers where multinational companies, large banks, and important international organizations are located.
Support for Globalization
Supporters of globalization include international organizations like the World Trade Organization (WTO), the International Monetary Fund (IMF), the G8, and the G20. They use the following arguments:
- Globalization promotes the exchange of goods, services, capital, and people.