Define what globalization is, and why it is important and what factors have contributed to the rapid pace of globalization. Give at least 4 examples of multinational businesses, global leaders, inventions and ideas that support that globalization is in fact occurring. (think back to the Mt. Rushmore project)

Explanation:

Globalization is a worldwide phenomenon that is occurring as there is greater integration between people and businesses worldwide. This was due to the fact that the technological revolutions that took place in the world, such as the Internet, for example, made it possible for people to communicate instantly regardless of geographical distance.

In addition to communication technologies, it is essential to mention modes of transport, which made it possible to do business faster and more quickly and directly.

Globalization makes the world function as a large market, where there is not only economic, but also social and cultural integration, thus strengthening multicultural environments that enrich organizations with new talents and innovative ideas from people with different world views.

Some examples that globalization is in fact occurring are multinational companies such as Apple, Microsoft, Adidas and Mc Donald's, which are companies that operate and are consumed worldwide, through the value of their brand and the benefits generated by its products.

It is also important to highlight the global supply chain that companies use to generate significant benefits, such as companies that assemble their products in China, for cheaper labor and raw materials, thus reducing costs and increasing their profitability.

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