Chapter 5 Summary
What is Globalization?
Globalization involves the interaction and integration of increasing numbers of
people in the world through international trade and investment, travel, and
tourism, and information technology and the mass media.
Poor countries and their citizens benefit economically from increased
employment opportunities and rising standards of living.
There is increased wealth, power, and privilege enjoyed by the developed
and rich parts of the world at the expense of the less developed and poorer
regions of the globe.