Globalization is "the integration of states through increasing contact, communication and trade to create a holistic, single global system in which the process of change increasingly binds people together in a common fate" (Carey 2002). Some economists recognize globalization as being in the best interest of all states. While others believe that increasingly liberated trade and global economic interaction is necessary in many ways. While globalization marks a move toward a more open world-trading regime, it can also be linked to strains on sovereignty, worker's rights, and the environment.
"Issues of globalization and free trade are surrounded by heated debate and controversy. Problems with contemporary free trade are rooted mainly in the General Agreement on Tariffs and Trade" (Brady 2002), which was established in 1947. The General Agreement on Tariffs and Trade, commonly known as the GATT, instituted guidelines for international trade. These rules and regulations......

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Title: Globalization
Approximate Word Count: 929
Approximate Pages: 4 (250 words per double-spaced page)

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