Seminar paper from the year 2006 in the subject Politics - Region: Western Europe, grade: 1,8, Dublin Institute of Technology, course: Int. Political Economy, language: English, abstract: Stocks are traded worldwide, mails are sent from Australia to Europe and forwarded to the US, the head of the catholic church, Pope Benedict XVI visits Turkey and has a meeting with the head of the Turkish government. 1 Our world has become a so-called "e;global village"e; where everyone can interact with everyone else within seconds or even realtime. Links between countries, companies and even individuals are no longer limited to borders, religion or attitudes. The following essay, written by Michael Krause, Erasmus student at the Dublin Institute of Technology, describes how globalization is affecting nowadays life in different fields of society and shows the positive as well as negative influence this global transformation has on lesser developed nations. [...]
