Thursday, May 23, 2019

Global Issues II

Globalization by definition is "the process by which businesses or other organizations develop international influence or start operating on an international scale." (Wikipedia) To summarize this is to say that economic globalization is where countries come together to operate and market under one big global economy. A good example of this is the EU, because country's operate together under specific taxes and rules based on under one organization. Looking at globalization while we travel to Ireland will explain a lot of the products we will see and how it effects the Economy.
Currently Ireland is the #2 globalized country in the world. How Ireland became the #2 globalized economy came with many reasons. The first is the location, Ireland is almost dead center between all the major nations of Europe, Asia, and America. The next reason is that if you take a look at the population of Ireland in the 1800's compared to today's time you would notice the population dropped unexpectedly. The main concept behind this is migration, selling of "adopted" children, and the Irish diaspora. A third reason for their globalization is their language of English, which is one of the most used languages in the world. Globalization is looked as a positive and negative impacted on the economy and thus, used differently compared to nations. Ireland is a great example of the use of globalization because of the ease of access they have to have it, whereas other nations that are excluded might find it difficult to be under a globalized world.

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