Is it the integration of economic,globalization definition political, and cultural systems across the globe? Or is it the dominance of developed countries in decision-making, at the expense of poorer, less powerful nations? Is globalization a force for economic growth, prosperity, and democratic freedom? Or is it a force for environmental devastation, exploitation of the developing world, and suppression of human rights? Does globalization only benefit the rich or can the poor take advantage of it to improve their well-being. Globalization does several things. It drives consumer prices down, but saps jobs from more industrialized countries toward lower-wage third-world countries. It results, theoretically, in higher quality, but interlocks the economies of the world's major powers, putting into play the potential to drag all of them down at once. It results in the exportation of American culture overseas, simultaneously causing greater admiration and loathing for America worldwide. It's a mixed bag. The components of globalization include GDP, industrialization and the Human Development Index (HDI). The GDP is the market value of all finished goods and services produced within a country's borders in a year, and serves as a measure of a country's overall economic output. Industrialization is a process which, driven by technological innovation, effectuates social change and economic development by transforming a country into a modernized industrial, or developed nation. The Human Development Index comprises three components: a country's population's life expectancy, knowledge and education measured by the adult literacy, and income. The degree to which an organization is globalized and diversified has bearing on the strategies that it uses to pursue greater development and investment