Explanation:
The rapid growth of the global economy profoundly effects modern economic development and stability, labor, and, most especially, the environment. In combination with the Earth’s natural geologic functions, the process of human globalization radically transforms local issues into national and international problems, heightening cultural, political, social, and economic issues in a manner in which they are no longer local or regional in nature. The western paradigm, of course, has been that industrialization and development of nations is the way to bring modernization. Bringing modernization has been considered not only desirable from a cultural standpoint, but ethnocentrically it has become the only way to join in the “club” of developed nations for trade and mutual advocacy. From the local social and cultural aspect, indigenous populations are being bombarded with marketing and advertising images to the point that they do not feel part of the human race without some of the consumer products so clearly advocated by regional and local media. What globalism also teaches us, however, is that development in one part of the world has consequences to the rest of the globe as well. These consequences go far beyond the obvious – individual environmental impact in a certain area; and move much further into the food chain for both the underdeveloped area and the macro-environment.
Because industrialization created a new kind of society and market relations, world capitalist economy found a convenient circumstance to grow on a global scale. Globalized market triggered other dynamics in terms of nationalism, culture, religion, identity and locality all over the world.
