Analyse the changing nature of globalization and its effects on environment.

Globalization is the cluster of technological, economic and political innovations that have drastically reduced the barriers to economic, political and cultural exchange . It is a process of expanding trade and commerce creating borderless market all over the world. Globalization is now a part and parcel of our daily life. So what exactly is globalization? Globalization is defined here as a set of economic and political structures and processes deriving from the changing character of the goods and assets that comprise the base of the international political economy – in particular, the increasing structural differentiation of those goods and assets. Globalization refers to the recent transformations of capital, labor, markets, communications, scientific and technological innovations, and ideas stretching out across the globe . Charlton and Andras (2006) define globalization as a phenomenon _________ ___ _______ _______ ______.
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