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Globalization is undoubtedly not a single phenomenon. The concept of globalization has become a catch-all concept to describe an array of developments and forces changing the social and economic structures of the world. Thomas L. Friedman, author of The Lexus and the Olive Tree, describes globalization as "a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper, and cheaper than ever before" (Oneworld.org.) Globalization is based on the concept that the globe is a single unit for decision-making. It is the expansion of free market capitalism, or simply put, is the means of free movement of goods, services and capital throughout the world. In addition, with current technological advancements, globalization has become more accessible. Now, businesses can manage overseas operations with more control through the use of the Internet and improved telecommunications. Advances in communication and transportation technology, combined with free-market...

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