How is Globalization Changing the Way We Live?

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Globalization, the name given to the ever-increasing integration of the people, business interests, and governments of countries across the globe, is a contentious issue with an influence on our changing culture. On one hand, people argue that globalization changes the countries involved for the better, propagating a heightened level of economic growth, improving human rights in line with global standards, and improving access to technology, goods and services.

On the other side of the debate, critics argue that the homogenization of cultures is steamrolling indigenous cultures around the world, denying people their economic, social and cultural rights, and exploiting less developed countries to further the interests of the few frontrunners. One thing is certain: Globalization is changing the way we live. With the impacts of the global recession still ringing in our ears, we take a quick look at how.

05:47

Globalization theories

from Khan Academy

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