Mykaela Barr
SOC 100 According to the textbook, Globalization is defined as a multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social exchanges and interdependencies. The process of globalization goes hand in hand with the development of the service economy. Globalization is one of the key reasons noted for rising income and wealth inequality in the United States. It has caused an increase in the trade of goods and services across national boundaries, and has improved mobility of multinational businesses and refugee work. Global income inequality has been gradually rising over the last few centuries. During the beginning of the Industrial Revolution, almost the whole world lived in poverty and
SOC 100 According to the textbook, Globalization is defined as a multidimensional set of social processes that create, multiply, stretch, and intensify worldwide social exchanges and interdependencies. The process of globalization goes hand in hand with the development of the service economy. Globalization is one of the key reasons noted for rising income and wealth inequality in the United States. It has caused an increase in the trade of goods and services across national boundaries, and has improved mobility of multinational businesses and refugee work. Global income inequality has been gradually rising over the last few centuries. During the beginning of the Industrial Revolution, almost the whole world lived in poverty and