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Wordcount: 1509
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Gobalization
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The term globalization is often used in today’s society. However, there are many different ways to view the concept of globalization. In this paper it is going to be used with regards to economics (Hastedt 2003: p1-2). Therefore, globalization refers to the strong and concentrated economic relationship that is taking place at present day and in this international relationship there is a large and rising number of players that are not under the governments control (Hastedt 2003: p1-2). The cause of globalization is linked to the advancements of communication and technology (Hastedt 2003: p1-2). In addition, the second force behind globalization is government giving up power over trade and loosening barriers with policy (Hastedt 2003: p1
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