Globalization (VIDEOGRAPHICS)

Globalization leads to erasure of economic and cultural borders. Thanks to it, we live in a world, where cars of the Japan-based Nissan automaker are assembled in Spain with parts produced in dozens of countries, while Nissan’s major partner is the France-based Renault. Products of Siemens and Mitsubishi mega-corporations are used worldwide. People in such different countries as India and Hungary drink Coca-Cola and enjoy their lunch at McDonald’s. In different parts of the world, globalization is seen differently. The Western countries tend to be more pessimistic about it, which leads to a rise of nationalist movements and coming to power of right-wing governments. Meanwhile, for Asia, which is considered the main beneficiary of globalization, it is a historic opportunity for development. 

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