Globalization effects

Globalization has various aspects which affect the world in several different ways such as:

* Industrial - emergence of worldwide production markets and broader access to a range of foreign products for consumers and companies. Particularly movement of material and goods between and within national boundaries.
 
* Financial - emergence of worldwide financial markets and better access to external financing for borrowers.

* Economic - realization of a global common market, based on the freedom of exchange of goods and capital. The interconnectedness of these markets however meant that an economic collapse in any one given country could not be contained.

* Language - the most popular language is English^.

o About 35% of the world's mail, telexes, and cables are in English.

o Approximately 40% of the world's radio programs are in English.

o About 50% of all Internet traffic uses English.

These are some examples of effects caused by globalization.  As in most things, has negatives and positives.

I think it's a very good tool, but can use it incorrectly and the consequences can be irreversible.