Before we begin we must ask ourselves, “What is globalization?” Economic "globalization" is a historical process, the result of human innovation and technological progress. It refers to the increasing integration of economies around the world, particularly through trade and financial flows. The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. At its most basic ideals, there is nothing mysterious about globalization. The term has come into common …showed first 75 words of 623 total…

…showed last 75 words of 623 total…governance; 5) Education, training, and research & development to promote productivity; 6) External debt management to ensure adequate resources for sustainable development. All these policies should be focused on in order to reduce poverty by promoting pro-poor policies that are properly budgeted—including health, education, and strong social safety nets. These changes would have great social benefits not to mention they would eliminate the discrimination between richer and poorer countries, thus making globalization a perfectly viable business venture