Nonetheless, it also means that some countries are overly dependent on others for their critical needs – a negative factor. However, they quickly reach various parts of the globe – a positive aspect. Most critical vaccines are produced in just a few nations. It also means that people are developing shared values globally. Various concepts now spread at a much higher pace across the globe. It is also about the exchange of thoughts. It made people better interconnected, but also interdependent.įurther, it is also vital to understand that globalization is not just about physical interconnectivity among people, or movement, or exchange of goods. It is about how people do business, interact with each other, and move across the boundaries of nations. It gained further momentum in 19s in various parts of the world. It became popular in the 1970s in the west. Globalization is not new, but the term globalization is relatively new.
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