Without any gainsaying, globalization has had many effects both positive and negative across the world as it is inextricably linked with people’s lives. Globalization is the process of interaction and integration among people, companies, and governments worldwide. It is an economic process of interaction and integration that is associated with social and cultural aspects. The increase in global interaction is the cause for the growth in international trade and the exchange of ideas, beliefs, and culture. Disputes and international diplomacy are also large parts of the history of globalization, and of modern globalization. The paper looks at the benefits, pros and cons of globalization, the challenges/solutions and its future prospects to humanity in general.
Globalization, disputes/dispute resolution, international diplomacy, international markets
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