Globalization: A Comprehensive Overview of Its Eras, Impacts, and Challenges
Globalization is the process of increasing worldwide interconnectedness through the exchange of knowledge, technology, information, products, and cultures. This phenomenon has evolved through three distinct eras, each characterized by different driving forces and impacts on society, economy, and the environment. While globalization offers numerous benefits such as enhanced cultural awareness, economic opportunities, and technological advancements, it also presents significant challenges including environmental degradation, cultural homogenization, and economic disparities.