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Today, mentioning ‘globalization’ is a bittersweet experience. On the one hand, we all intuitively understand that we wouldn’t have access to cheap consumer goods, varied and exotic cultural items, or faraway vacation spots without it. On the other, we’ve all heard of, or seen, the economic hardship it can bring on communities as jobs and opportunities are exported to the lowest bidder.
Image via Pixabay.
But one thing most people will agree on is that globalization is a new thing, relatively speaking. Something that’s really only started taking root in the last couple of decades or so. Granted, some of the most visible elements of globalization (such as job outsourcing or the abundance of international trade) have been creeping up since the 1990s after the collapse of the Soviet bloc and its internal market. And, credit where credit is due: the process of globalization definitely did pick up steam all over the world in the last two to three decades.