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Global Performance of German and France - Essay Example
Author : trevor23
Pages 10 (2510 words)
The term globalization has brought some positive impacts and some negative impacts on the world market economy. As with all types of changes, this massive economic revolution has impacted the marginalized people as well along with business. …
It is hard to say whether the impact has been positive or negative because there is lot of gap and difference between the status in the middle and upper and lower middle and low classes of business. Globalization has widened this gap to the extent that they look un-breach able. Whichever way you look at this transformation it is obvious that globalization is an economical aspect. And it is good that it is; the onset of globalization has kick-started a movement of liberalization of independent thought process, which due to the heightened global interconnectivity may prove more successful than it ever was in any of the past socio-economic and cultural revolutions and in this respect these two countries, France and Germany, cannot be overlooked. (Dos, 441-442)
Globalization is a big word today and one that has changed the way we look at and understand things around us. What is actually globalization? What do we understand by this word? Globalization is simply the predisposition of the economy through business, knowledge through technology and thought through philosophy to spread globally. Globalization can also mean the process by which this happens. This term is almost synonymous with intertwining of markets and economies without any consideration for physical border or legal restraints and it general it is well applicable for France and Germany. (Fletcher, 188) ...