Introduction“Globalization is nothing new, however. For thousands of years, people – and, later, companies – have bought and sold to each other in lands far apart, such as via the famous Silk Road through Central Asia that connected China and Europe during the Middle Ages." (What is globalization). For centuries many people and companies had invested in other countries even before the First World War. Globalization is a huge problem, because it affects all people around the world. It can influence different ideas, cultures, local and regional economy, society, communication and trade. Globalization can affect people's environment, security, and the exchange of ideas between countries. It distributes rapidly, which emerges from new technologies, increased free trade activities and market acceptance around the world. During the past two decades, many governments have changed their policies and opened up the free market economic system, seizing the opportunities of international opportunities. investment and trade. Furthermore, they have reduced barriers to trade and signed numerous international agreements to promote trade and investment. Mainly, the issue that people think in globalization is trade of goods and services. It is one of the most obvious aspects of globalization, however, it is known that not only local trade but also international investments are the ones that unite the world. This type of investment can change entire production methods through the transfer of technology, knowledge and management techniques. Furthermore, globalization and foreign investment pose many questions about changing culture, political relations and economics around the world. Globalization can be... middle of paper... Works Cited Al-Khazraji, Nathan. The Culture of Commercialism: Globalization in the United Arab Emirates. Wachington: Georgetown University, 2009.Al-Mouri, Ali. Writing portfolio. Effects of globalization on the UAE economy. 2007. Network. 10 May 2014. BBC. Geography: globalization. 2014. Web. May 9, 2014. Carter, Jimmy. “What is globalization?” (Presentation)Globalisation: the example of Dubai. (Presentation)Globalization101, Levin Institute. What is globalization? 2014. Web. 10 May 2014. Globalization101, Levin Institute. In-depth topic: Investments. 2014. Web. 10 May 2014. Morehouse, William. The American scholar. Dubai: globalization on steroids. 2009. Network. 9 May 2014.Mounajjed, Nadia. Ibrazz Organization. Dubai's mysterious promise of globalization. 2013. Web. 9 May 2014. Academic consultant. Advantages and disadvantages of globalization in the United Arab Emirates. 2011. Network. 10 May 2014.