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A. the act or process of globalizing : the state of being globalized especially : the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.
B. A example is Vietnam, where globalization has contributed to an increase in the prices for rice, lifting many poor rice farmers out of poverty. This is viewed a positive impact.
C. Cultural globalization has created unparalleled inequity throughout Africa, affected the behavior of people in numerous ways, and forced many people to assume a lifestyle of self interest, selfishness, individualism and made people to develop a psychopathic devotion and appetite for foreign films, foreign goods, foods, foreign way of life, foreign music, attitude and behavior. This is a viewed negatively.
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The spec house is a speculative venture for the builder, meaning it was built with the intention of selling it for a profit, as-is or with minimal changes. Spec houses are plentiful when the economy is healthy because builders can sell them quickly and use the profits to build more.
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