Globalization is the process of people, companies, and
businesses integrating internationally. Globalization is driven by the
modernization of our world and has both positive and negative impacts on the
Irish economy. A positive of globalization is that it allows Ireland to
specialize in products that they can produce the most efficiently. Ireland is
the second most globalized country in the world, according to the KOF Index of
globalization. Two factors that contribute to Ireland’s globalization are the
location and the language. Ireland is located near Europe, Asia, and the United
States of America, which benefits the country greatly in terms of
globalization. English is one of the world’s most spoken languages, so it being
a language Ireland is fluent in also benefits them due to no language barriers
existing while trading.
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