Your assignment is to prepare and submit a paper on the various dimension of globalization.

Your assignment is to prepare and submit a paper on the various dimension of globalization. Steger has defined globalization as “a set of social processes that appear to transform our present social condition of weakening nationality into one of globalism.” It means to explain that it is not one process but various processes that function at the same time and even haphazardly on different levels and in different dimensions (Steger, 2009).

The global village is a terminology used to describe a new kind of globalization presenting us with an interconnected world and a global collected culture. Globalization affects world economies, political situations, ecological dimensions, and cultural identities.

Globalization has led to more choice and lower price for consumers. It has forced firms to look for ways of increasing efficiency. Inefficient producers have gone out of business. Globalization has a positive impact on almost everybody as it generally helps to create greater economic value. Globalization is able to provide equal distribution of the added value. The process of globalization must focus on letting go of the economic self-interest by respecting different religious, environmental and cultural values for the benefit of all classes of people. It must be beneficial for everybody by developing a global world outlook that boosts up the mutual and common values of all cultures. Accumulated forms of communication create images that cross different linguistic boundaries more quickly and conveniently than many goods and services. This global mass culture has entered, influenced and revolutionized the lives of people in modern societies.

There are several reasons for this increasing global competition. Free trade agreements and economic unions have reduced protection for industries. Consumers can now purchase goods and services from other countries with no import controls.&nbsp.