Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. Economic globalization is the process by which the whole world becomes a single market. One was a concern with class and social mobility from the 1950s. Here you will learn the definition of globalization, examine its positive and negative effects, and be presented with real examples of globalization. Globalization is the process in which people, ideas and goods spread throughout the world, spurring more interaction and integration between the worlds cultures, governments and economies. Understanding the basics of political globalization. It is also about how integrated countries are in the global economy. Globalization law and legal definition viewed narrowly, globalization is a governmental policy favoring free trade, open borders, the free movement of capital and goods but not always of people, elimination of tariffs and price controls including artificial control of currency values, and the privatization of publiclyowned or controlled. The symbol of the globalization system is a world wide web, which unites everyone.
Globalization has become a familiar enough word, the meaning of which has been discussed by others before me during this conference. Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. The defining document of the globalization system is the deal. Let us make indepth study of the meaning, advantages and disadvantages of globalisation. Like the concept of globalization itself, the definitions presented here are broad and. Tabb examnies critically the globalization of economy and its meaning for working people. Definitions and perspectives composed by eric beerkens, 2006 globalization refers to all those processes by which the peoples of the world are incorporated into a single world society, global society p. What is globalization international journal of humanities and. Whatever the negatives of the present model of globalization, it was recog. The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations.
Globalization is the word used to describe the growing interdependence of the worlds economies, cultures, and populations, brought about by crossborder trade in goods and services, technology, and flows of investment, people, and information. For the modern unique world system the definition appears to be closer. Globalization is the spread of products, investment, and technology across national borders and cultures. Globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together. Globalization simple english wikipedia, the free encyclopedia. This process has effects on the environment, political systems, economic. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on. And, therefore, instead of calling it globalization, we should call it globalizations. Among the aspects of globalization studied were trade liberalization, integration of production of goods, consumption and lifestyle patterns, household level income. Information and translations of economic globalization in the most comprehensive dictionary definitions resource on the web. Recently, however, the fronts have shifted dramatically. There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. Globalization can be thought of to be the result of the opening up of the global economy and the concomitant increase in trade between nations.
Globalization law and legal definition uslegal, inc. Martin albrow and elizabeth king, sociologists, define globalization as all those processes by which the peoples of the world are incorporated into a single world. By the term globalisation we mean opening up of the economy for world market by attaining international competitiveness. The uneven distribution of globalizations gains and losses and the. While most americans only began paying attention to globalization with the north american free trade agreement nafta debates in 1993. It refers to how interdependent different countries and regions have become across the world. Globalization definition is the act or process of globalizing. Let me nonetheless outline briefly what i understand by the term. The sociology of globalization globalization may appear a macro phenomenon and distant, not the same as micro issues that have more of an impact on daily life. The second half will discuss the concept of globalization. There are advantages and disadvantages to globalization, all of which have economic, social, political, and. Any discussion on globalization its meaning and content should necessarily begin with roland robertson, who could be said to be father of globalization.
In its general definition, globalization can be defined as an extensive network of. Sociologists martin albrow and elizabeth king define globalization as all those processes by which the people of the world are incorporated into a single world. Political globalization is one facet of the general trend toward globalization, which is a historical phenomenon that has seen the nations of the world become increasingly interactive in terms of not only politics but also economics and culture. The first half of this introduction will look at the sociology of globalization and themes of the book. The defining document of the cold war system was the treaty. Globalization is the integration of national economies through trade, investment, capital flow, labor migration, and technology. This means that goods and services, capital, and labour are traded on a worldwide basis, and information and the results of research flow readily between countries. Its avatar is plural, its processes are historical and its outcomes are varying. Introduction to luke martell, the sociology of globalization, 2010, prepublication version.
What make this phenomenon more complex are the contradictory justifications on the origin of globalization, conflicting ways of defining the. It is the movement and integration of goods and people among different countries. Globalization, the world over, does not have a cakewalk. Globalization definition and meaning collins english dictionary. Thus the globalisation of the economy simply indicates interaction of the country relating to production, trading and financial transactions. The statement looks critically at globalization as a phenomenon which has wrought fundamental. Of course, the silk road was plied by only a small group of hardy traders.
Globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of. Not so long ago, it seemed the intellectual positions on globalization were clear, with advocates and opponents making their respective cases in decidedly contrasting terms. The process of integration and interaction among governments of different nations through free trade agreements, companies through investment in other countries, creating affiliate companies and people with the same consumer trends, thanks mainly to information on internet. In a general sense, the increasing worldwide integration of economic, cultural, political, religious, and social systems. Whether this phenomenon is a good or a bad thing largely depends upon the subjective interpretation. It refers to the increasing integration of economies around the world, particularly through the movement of goods, services, and capital across borders. Globalization is a very broad concept not only with respect to the diversity of. It was in the year 1990 that mike featherstone edited a book, global culture sage publications, london which appeared in the market. The globalization of the world international economy and of the political culture and structures was led by wealthy, powerful nations made rich by colonialism and imperialism, including the u. Cultural globalisation refers to the rapid movement of ideas, attitudes, meanings, values and cultural products across national borders. A short definition of economic globalization is the transnational increase in trade and capital transfers across national boundaries.
Cultural and civilizational clustering in telecommunicative space 19891999 telematics and informatics 23 2006 316331. The scope of the globalization knowledge network gkn was to examine how globalizations dynamics and processes affect health outcomes. Globalization affects health and sdh through changes in social stratification, differential exposure or vulnerability, health system characteristics and differential consequences. Globalization definition of globalization by merriamwebster. Pros and cons of globalization with examples pros of globalization. In contrast, the alterglobalization movement, composed of many of the worlds poor, working poor, and activists, advocates for a truly democratic approach. His academic interests are connected with the analysis of problems of globalization and modernization. It refers specifically to idea that there is now a global and common monoculture transmitted and reinforced by the internet, popular entertainment transnational marketing of particular brands and international tourism that. Glocalization is a combination of the words globalization and localization, used to describe a product or service that is developed and distributed globally, but is also adjusted to. His published research includes topics such as forecasting world political change, socialeconomic development and social evolution. It benefits the middle class and especially the rich and powerful, but has hurt the poor and powerless. The au has established a regional peacekeeping force, criminal court and common army to eliminate rivalries among its. This report presents the principal pathways linking globalization to health that were examined by the gkn.
Concepts of globalization there have been many trends in sociology in recent decades. Globalization studies and editorinchief of the journal age of globalization in russian. In a nutshell, the integration and exchange of ideas and goods globally. As a complex and multifaceted phenomenon, globalization is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy.
Like globalization, many scholars believe that inward fdi is the driving engine for the growth of innovation and technical output as investigated by baskaran and muchie, lin and yu, salim, razavi, and mofrad, ning, wang and li, wang. Globalization is an elimination of barriers to trade, communication, and cultural exchange. Economic globalization is a historical process, the result of human innovation and technological progress. Economic globalization refers to the mobility of people, capital, technology, goods and services internationally. This phrase refers to the topdown model of globalization that is directed by the worlds elite. Globalization article about globalization by the free. Thus the globalisation of the economy simply indicates interaction of the country relating to production, trading and financial transactions with the developed. Globalization definition of globalization by the free. Globalization results from the removal of barriers between national economies to encourage the efficient flow of goods, services, capital, and labor.
The aim of this publication is to contribute philosophical depth to the debates on globalization conducted within various academic fields principally by. If globalization is a river, we must build dams to generate power 77. The symbol of the cold war system was a wall, which divided everyone. Globalization is the connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. What make this phenomenon more complex are the contradictory justifications on the origin. Globalize definition of globalize by merriamwebster. It refers specifically to idea that there is now a global and common monoculture transmitted and reinforced by the internet, popular entertainment transnational marketing of particular brands and international tourism that transcends local. Countries have built economic partnerships to facilitate these movements over many centuries. Definition of economic globalization in the definitions. Download limit exceeded you have exceeded your daily download allowance. Globalisation definition, the act of globalizing, or extending to other or all parts of the world. Globalization definition and meaning collins english. Globalization may be defined and realized in many ways. May 25, 2017 cultural globalisation refers to the rapid movement of ideas, attitudes, meanings, values and cultural products across national borders.
This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical wellbeing in societies around the world. Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Globalization definition, the act of globalizing, or extending to other or all parts of the world. Globalization meaning in the cambridge english dictionary. Despite the breadth with which the term has been applied, the meaning of globalization remains so elusive as to defy definition. In its general definition, globalization can be defined as an extensive network of economic, cultural, social and political interconnections and processes which goes beyond. Usually when we think of the global economy we think of trade, the buying and selling goods and. Although many large companies have globalized for decades, the web, more than any other phenomenon, has enabled the smallest company to h. The article defines globalization as the regionalization of international relations and argues that the eu stands as a model of cooperation for other regional groupings such as the african union au, asean and unasur.
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