Example of Globalization

Globalization is the process of restructuring the previous nation-based trade system to a fully internationalized, borderless trading methodology. The theory of globalization is that it promotes trade, economic growth, and jobs synergistically. Globalization usually involves removal of trade barriers, tariffs, and other protectionist obstacles to international trade. The effects of globalization have been different in the world's economies. Jobs have moved off shore in many cases, while new jobs have been created around the world working in the much broader international job market.