IndexIntroductionThe definition of globalizationThe waves of globalizationGlobalists and anti-globalistsAre the poor getting poorer?Introduction In this article we will explore what globalization is and how it works affected our world, and whether globalization is the cause of why the rich are getting richer and the poor getting poorer. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The Definition of Globalization For the 21st century, the process of globalization is a topic that has millions of different views. Especially today, globalization is taking a new, faster and more comprehensive form. This is due, in large part, to political and trade policies that have allowed the economic structure to open up to facilitate both domestic and international trade. There is no universally accepted definition of globalization. The reason is that globalization includes many complex processes with different dynamics that reach different areas of a company. It can be a phenomenon, an ideology, a strategy or all together. The IMF defines globalization as “the increase in the economic interdependence of countries around the world through an increase in the volume and variety of transactions in goods and services across borders, freer and faster international capital flows, but also a wider diffusion of technology". Globalization refers to the increasing unification of countries in the world economic order through the reduction of barriers to international trade such as tariffs, export taxes, and import quotas. According to the Oxford English Dictionary, the word "globalization" was first employed in a publication titled "Towards New Education" in 1930, to denote a holistic view of the human experience in education. The waves of globalization Many researchers divide the globalization process into two waves: before the First World War and after the Second World War. “There was a long period of persistently low international trade until 1800, globally the index never exceeded 10% before 1800.” This changed during the 19th century, when the industrial revolution started a huge rush towards globalization, especially in Europe. Technological advances triggered a period of strong growth in world trade, the so-called "first wave of globalization". The first wave of globalization led to the First World War which broke the entire balance in the world markets. The post-World War I recession was slow, and that slowness led to the decline of liberalism and the rise of nationalism. “There was a huge drop in growth in the interwar period.” After the Second World War, trade began to grow again. This new and ongoing wave of globalization has seen international trade grow faster than ever. Today the sum of exports and imports between nations amounts to more than 50% of the value of total production. Globalists and anti-globalists There are two sides to the question “is globalization good or bad?”. Supporters of the globalization process argue that it has the potential to make the world a better place to live and solve some deep-rooted problems such as unemployment and poverty. On the other hand, the general complaint about the globalization process is that it has made the rich richer while making the non-rich poorer. To be clearer, the positive aspects of globalization could include;.