What is globalization? Please list its advantages and disadvantages.

The previous
answers have covered most of what globalization is. Some additional aspects are that personal
computers and the internet have boosted the easy connectivity of peoples throughout most of the
globe. Thus, communication is almost instant.

Business and trade is now
interconnected between commercial and individual concerns face to face through monitor screens
via pc, smart phones, etc.

Social websites have created a global interconnect
of meeting individuals, making friends, forming relationships that could develop into lasting
relationships.

Honest communication between people on a global scale can
break down prejudices and educate us that people throughout the globe pretty much have the same
basic needs and goals.

Dishonest communication on the other hand can
frustrate and lend to a lack of trust that is sad because you see just how much fraud is being
promoted by selfish people. You wonder, "who can I trust?"

Glitches
in technology, such as email that cannot be sent or received or viruses that dishonest people
penetrate can be frustrating and sometimes cause one to think that we were better off not
globally connected.

These are additional aspects of globalization in response
to the original question.