Pros and Cons of Globalization

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Introduction: There has been a drastic change in the economy of many nations internationally that has led to globalization. This term is known by many as the process or method of international integration that has come about from the interchanging of worldviews, ideas, products and other aspects of culture as best explained by Easson, A. J., & Cockfield, A. J. (2010). 
Globalization has revolutionized the world in many areas since it has brought about the influx of communication and information between two and many countries. For example just a few days ago president Barak Obama opened the first Global Summit in Kenya during his visit to Africa.
Another advantage of this norm is people have become more open and socially tolerable, and issues such as Racism have significantly become reduced internationally as depicted by Stiglitz, J. E. (2003).
The intermingling of cultures has helped strengthen ties and relationships between various companies and individuals since factors such as ecological problems are becoming solved by governments due to similar financial interests. Petty grievances become placed aside to discuss the future well-being of the economy of the countries and future relationships.
Let's not get too excited because there are ...