Hello I'm Milo for About dot com and today we are talking about globalization. Globalization is a word that we hear constantly nowadays. It can be defined as the trend in the financial markets and businesses to expand beyond national and territorial borders and boundaries. It is a process through which the financial markets, societies and cultures have become interdependent and tend to merge, blurring the boundaries between the local, national, and international. It is a dynamic process primarily led by multi-national businesses and organizations. It can also be viewed as the freedom of movement for goods, services, and people across borders. It is a phenomenon caused by the latest developments in mass communication and the technologies that have been developed and continue to be developed to support this new and instant way of communicating between people and organizations. The increased ease of mobility has also greatly contributed to this unstoppable trend.There seems to be a disagreement on whether economic globalization is or not an irreversible current. What is certain is that this trend has substantial effects on the world's economies. The Pros of globalization include:On the negative side:To sum up we must understand that there are some basic aspects to globalization:For more excellent and helpful information on practically anything, check us out at About.com.