Globalization

Your shirt was made in Mexico and your shoes in China. Your CD player comes from Japan. You can travel to Moscow and eat a Big Mac there and you can watch an American film in Rome. Today goods.are made and sold all over the world, thanks to globalization ,Globalization lets countries move closer to each other.

People companies and organizations in different countries can live and work together. We can exchange goods , money and ideas faster and ,cheaper than ever before. Modern communication and technology.like the Internet, cell phones or satellite TV help us in our daily lives Globalization is growing quickly. A German company can produce cars in Argentina and then sell them in the United States. A businessman in Great Britain can buy a part of a company in Indonesia on one day and sell parts of another business in China the next, thanks to globalization. Fast food companies open shops around the world.almost every day Globalization is not new. For thousands of years people have beentrading goods and travelling across great distances. During the Middle Ages, merchants travelled along the Silk Road, which connected

.Europe and China

 The modern age of globalization started with the Industrial Revolution at the end of the 18th century. New machines were able to produce cheaper goods. Trains and steam-powered boats transported products.farther and fasterSince 1980, globalization has been moving at a faster pace. Today it is easier for companies to work in other countries. The Internet .gives them the chance of reaching more customers around the world.Teleworkers work for firms that may be far away However, there is a growing debate over globalization. Governments are in favour of globalization because the economy can grow. Other.people are not so sure that there are only advantages Many experts say that we need a different kind of globalization in our world today. There must be ways to make sure that all countries profit from the good sides of globalization. We should help poorer countries by giving them better education and showing them how new.technology work

Every year, leaders of the world’s biggestindustrial countries get together to discuss economic problems. This meeting is called the G8 summit. In the last few years groups against globalization have organized protestmarches and demonstrations to point out that not everyone is happy with how the world’s.economy is developing

: Keywords

goods= things that you produce and sell •

 exchange= to give someone something and •

get something else in return

 merchant= someone who buys and sells •

goods

farther= over greater distances •

pace= speed •

reach= get to •

 teleworker= someone who works from •

..home and uses a computer, telephone etc

however=but •

debate= discussion •

advantage= the good side of something •

 summit= meeting for powerful leaders of •

a country

demonstration= street protesting