![]() ![]() Perhaps the most predominant aspect of the recent wave of globalization is the fact that countries are capable of and willing to explore foreign markets, with companies setting up international headquarters and building factories and businesses in a number of new regions. A lot of governments have gone to the bargaining table, removing restrictive commerce barriers between nations, as well as high taxes and tariffs on global goods and services. ![]() Since World War II – and especially in the past two decades – the majority of the world’s governments have taken on a free-market economic system, which not only increases each country’s own potential for productivity but the possibility for international investments and trading. ![]() This is due, in large part, to political and trade policies that have allowed economic structuring to open up in a way that facilitates both domestic and international trade. Today, globalization is taking on a newer, faster, and more thorough form. The process can and does affect how different countries and regions develop and progress economically, how political systems are shaped, and how the environment and cultures of societies around the world are impacted. Globalization is accomplished through the use of technology, as well as through trades and investments made internationally. Globalization is essentially the means by which individuals, governments, companies, and countries interact with and affect one another, with the goal of helping to build strong alliances that mutually benefit one another. ![]()
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