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Doesn’t it seem that people around the globe are more connected to each other than ever before? Information and money flow more quickly than ever. Goods and services produced in one part of the world are increasingly available in all parts of the world. International travel is more frequent. International communication is commonplace. This phenomenon has been referred to as globalization. The term globalization describes the increased mobility of goods, services, labor, technology and capital throughout the world. Although globalization is not a new development, its pace has increased with the arrival of new technologies, especially in the area of telecommunications. Friedman explains what globalization is, how it is affecting people and

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