Table of contentsIntroduction The definition of globalizationWaves of globalizationGlobalists and anti-globalistsAre the poor getting poorer?Introduction In this article we will study what is globalization, how it happens influenced our world, and whether globalization is the cause of why the rich are getting richer and the poor are getting poorer. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essay The Definition of Globalization For the 21st century, the process of globalization is a topic that attracts millions of different points of view. Especially today, globalization is taking a newer, faster and deeper form. This is due, in large part, to political and trade policies that have allowed the economic structure to open up in ways that facilitate national and international trade. There is no universally accepted definition of globalization. The reason is that globalization includes many complex processes with varying dynamics affecting different areas of a business. It can be a phenomenon, an ideology, a strategy or all at once. The IMF defines globalization as "the increasing economic interdependence of countries around the world through an increasing volume and variety of transactions in goods and services across borders, freer international capital flows and more fast, but also to wider distribution technology. » Globalization refers to the increasing unification of the world. the global economic order through the reduction of international trade barriers such as customs duties, export fees and import quotas. According to the Oxford English Dictionary, the word "globalization" was first used in a publication called "Towards New Education" in 1930, to refer to a holistic view of the human experience in education. The waves of globalization Many researchers divide the process of globalization into two waves. : before the First World War and after the Second World War. “There was a long period characterized by persistently low international trade until 1800, overall the index never exceeded 10% before 1800.” The situation changed during the 19th century: the industrial revolution triggered a vast race towards globalization, particularly in Europe. Technological advances triggered a period of marked growth in world trade, referred to as the "first wave of globalization." The first wave of globalization led to the First World War which broke the entire balance of world markets. The recession following World War I was slow, and this slowness led to the decline of liberalism and the rise of nationalism. “There was a huge decline in growth in the interwar period.” After World War II, trade began to grow again. This new – and continuing – wave of globalization has seen international trade grow faster than ever. Today, the sum of exports and imports from different countries represents more than 50% of the value of total production. Globalists and anti-globalists There are two sides to the question "Is globalization good or bad?" Proponents of the process of globalization argue that it has the potential to make the world a better place to live in and to solve some deep-rooted problems like unemployment and poverty. On the other hand, the general criticism leveled at the process of globalization is ?.