Globalization is referred to a process that involves with the interaction and integration among people and companies around the world. It affects the environment in different countries in terms of culture, economic, social and the political systems. Meanwhile, the world policy and technological developments of the past decades have stimulated international trade and investments to that extent that many believe that the world has entered a new phase in its economic development. Currently, the wave of globalization has been driven by policies that have opened up economies around the world and by technological developments during the past decades (World Commission on the Social Dimension of Globalization, 2004). Generally globalization implies in the widest sense integration of economies and societies across the globe through the flow of technology, capital and trade. Moreover, its refers to a process which allow people, information, culture, practices and …show more content…
This circumstance which comprises of the removal of tariffs as well as free and open trade among nations has helped in globalizing the world economy. In addition, the advancements in transportation and communication technologies yield strong impact in accelerating the movement of globalization. Due to globalization, Brazil takes part in the international economy intensively in both export and import for the goods and services. For instance, in Brazil, it can be found that there are projectors in the class room that originated from China, PC from Japan, IPhone from USA, Samsung from South Korea, t-shirt from Bangladesh, lecturers from Malaysia and students from different countries. Similarly, different types of Brazilian products and services also can found on hand from around the world as a result from the