The many, substantial benefits of globalization include higher average incomes, greater innovation, richer cultural exchanges and improved standards of living around the world. The rising tide of globalization plays a growing role in business, culture, the environment, human migration patterns, international development, politics and science and technology. It’s hard to think of any aspect of modern life that globalization does not influence or touch in some way. Advances and cost reductions in communications technology and transportation have made it ever easier to collaborate with associates in other countries and remote locations. Rapid international development drives growth in the increasingly dense web of connections between developed and developing countries around the world. Globalization is one of the defining trends of the 21 st century.
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