The term globalization connotes different thing to people. It is probably one the hotly contested concepts in the lexicon of development theorists. It can be defined as a process of worldwide integration of economies and societies. Merriam-Webster’s Online defines globalization as “the development of an increasingly integrated global economy marked by free trade, free flow of capital, and trapping of cheaper foreign labor markets.” It is a convergence of economic, political and culture systems. Globalization can be distinguished by a number of developments in the world economy including emergence of world trade agreements, adoption of international standards and elimination of tariffs.
Olatubosun, A (2019). Globalization and the Travesty of the African Cause. Afribary.com: Retrieved December 15, 2019, from https://afribary.com/works/globalization-and-the-travesty-of-the-african-cause
Aihonsu, Olatubosun. "Globalization and the Travesty of the African Cause" Afribary.com. Afribary.com, 09 Oct. 2019, https://afribary.com/works/globalization-and-the-travesty-of-the-african-cause . Accessed 15 Dec. 2019.
Aihonsu, Olatubosun. "Globalization and the Travesty of the African Cause". Afribary.com, Afribary.com, 09 Oct. 2019. Web. 15 Dec. 2019. < https://afribary.com/works/globalization-and-the-travesty-of-the-african-cause >.
Aihonsu, Olatubosun. "Globalization and the Travesty of the African Cause" Afribary.com (2019). Accessed December 15, 2019. https://afribary.com/works/globalization-and-the-travesty-of-the-african-cause