Notes

1.
Globalization is the used to describe the growing interdependence of the world's economies, cultures and populations, brought about by cross-border trade in goods and services, technology and flows of investment, people and information.

Broad and Inclusive Definition
-Broad and Inclusive Globalization is describing the opportunity by which people or factors behind a certain development in a country benefits as well. In a nutshell, broad and inclusive globalization gives everyone a chance to participate in a management in a such way that the perspectives or plans a country has reflected in their policies.
Advantages of Broad and Inclusive Globalization
Equal opportunities for everyone.
Secured opportunities for everyone.
growth for the countries.
Development of the nations.


Disadvantages of Broad and Inclusive Globalization
Reshaping of government institutions to cater for everyone.
Economic processes need to be reorganized.
Social processes require reorganization.
Failure to focus on the country's own people and policies.


Narrow and Exclusive Definition
In the English language, exclusivity is the restriction or the limitation within the group, area or people. in terms of globalization, narrow and exclusive means that the focus of the globalization would be limited to the country alone.

Advantages of Narrow and Exclusive Globalization
Focuses on the development of the country.
Enhancement of the policies in a country.
Supported by people.
Gives importance to the people and the cultures inside the country.

Disadvantages of Narrow and Exclusive Globalization
Result to trade wars with other countries.
Limited perspective.
Failure to establish connections with other countries