1.What is Globalization and briefly explain any (4) major aspects of globalization. 2.Before the Caribbean region can join the global village, it must get its act in order at home to truly understand...

What is Globalization and briefly explain any (4) major aspects of globalization.
Before the Caribbean region can join the global village, it must get its act in order at home to truly understand what it is to be global. Discuss three major areas that Caribbean economies can achieve to complete of regional integration.
Answer: Globalization is related to improvement and interaction of one people to another people, development in trade from cross border or with other countries. It is process of interchange of thoughts, education, technique, technologies, information, trade, culture etc. It is very much essential for every individual and a developing country. Globalization helps them in exchange of technology, trade, economic trend, culture, education levels etc. Globalisation essentially stands for going beyond the national boundaries.
The four major aspects of globalization are Economic, technical, environmental, political. All these aspects are very essential for any country to count under global village. Due to globalization economic condition of various countries are improving. They understand the various trade techniques; concept of import export, exchange rate etc. technology change is another important aspect of globalization. Through this people are using various new technologies that help in them and...