What ia globalisation

Globalization can be described as a process by which the people of the world are unified into a single society. This process is a combination of economic, technological, sociocultural and political forces.
The word "globalization" can be traced back to 1944. The term has been used by economists since 1981; however, its concepts did not permeate popular consciousness until the later half of the 1990s. The earliest concepts and predictions of globalization were penned by an American entrepreneur-turned-minister Charles Taze Russell who first coined the term 'corporate giants' in 1897. Various social scientists have tried to demonstrate continuity between contemporary trends of globalization and earlier periods. The first era of globalization during the 19th century was the rapid growth of international trade between the European imperial powers, the European colonies, and the United States. After World War II, globalization was restarted and was driven by major advances in technology, which led to lower trading costs.
Globalization is viewed as a centuries long process, tracking the expansion of human population and the growth of civilization, that has accelerated dramatically in the past 50 years. Early forms of globalization existed during the Roman Empire, the Parthian empire, and the Han Dynasty, when the silk road started in China, reached the boundaries of the Parthian empire, and continued onwards towards Rome. The Islamic Golden Age is also an example, when Muslim traders and explorers established an early global economy across the Old World resulting in a globalization of crops, trade, knowledge and technology; and later during the Mongol Empire, when there was greater integration along the Silk Road. Global integration continued through the expansion of European trade, as in the 16th and 17th centuries, when the Portuguese and Spanish Empires reached to all corners of the world after expanding to the Americas.
Globalization became a business phenomenon in the 17th century when the Dutch East India Company, which is often described as the first multinational corporation, was established. Because of the high risks involved with international trade, the Dutch East India Company became the first company in the world to share risk and enable joint ownership through the issuing of shares: an important driver for globalization.

Effects of globalization

Industrial (alias trans nationalization) - emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies
Financial - emergence of worldwide financial markets and better access to external financing for corporate, national and subnational borrowers

Economic - realization of a global common market, based on the freedom of exchange of goods and capital. Globalization, when considered in a sociological context, has increased economic inequality throughout the world and within the United States.
Poorer countries are at disadvantage: While it is true that Globalization encourages free trade among countries on an international level, there are also negative consequences. The main export of poorer countries is usually an agricultural good. It is difficult for these countries to compete with stronger countries that subsidize their own farmers. Because the farmers in the poorer countries cannot compete, they are forced to sell their crops at much lower price than what the market is paying.

Globaliztion means that all the countries are emerged into one. A globalized economy focuses on trading internationally. For example, in HK you can drink American Coke and 7-up and French red wine. People are able to enjoy both the good things and cultures from different cultures.
Americans don't agree because they always think that they are better than the other countries . All the people from different countries must follow them. Americans are too proud of themselves.

Globalization can be both good and bad
-more diverse culture (good)
-all the cultures become onee,g, all counties can drink Western drink (e,g) 7-up. So the culture sense of our own culture become weak1