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There are 3 aspects to this global spread of capitalism: production, finance and markets. With regards to production, the products we buy are better traveled than we are! There are many social and environmental impacts from this practice of producing goods in the third world for sale in the first. This practice is called the global integration of production. The second aspect to the global spread of capitalism is that of finance–financial trading is now a global practice. For example, you can buy stocks from a company anywhere in the world. The third aspect is that of markets. Nowadays, a seller sees its market as not just Canada, but as North America. The same products are being sold all around the world. Conversely, you can go anywhere in the world and buy the same things; McDonalds is everywhere. This has led to global way of living, but it really has lead to the standardization of life. |
