
The term globalization was first used in the mid-20th century before becoming established in our fixed linguistic usage from 1990 onward. It describes the increasing worldwide networking and interconnectedness of politics, the economy, culture and the environment.
In many of the world's poorer countries, there are factories where people are paid much less for their work than in industrialized countries. And when companies from these countries build factories abroad, they often have to pay less tax there as well. This then leads to cheaper production of goods in poorer countries. Consequently, the goods can then also be sold more cheaply in industrialized countries.
Fair trade: Many people strive to ensure that trade between countries is fair and equitable. Again and again we hear about terrible accidents in factories where people have to work under miserable conditions. That's why it's especially important that people in poor countries can also work under humane living conditions.
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