Let me nonetheless outline briefly what I understand by the term. I shall then go on to consider what has caused it. The bulk of my paper is devoted to discussing what we know, and what we do not know, about its consequences.
About Us What Is Globalization?
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.
This process has effects on the environmenton cultureon political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Globalization is not new, though.
For thousands of years, people—and, later, Concept of globalization been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.
Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in Map of the Silk Road But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development.
In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment.
Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners.
A defining feature of globalization, therefore, is an international industrial and financial business structure. Technology has been the other principal driver of globalization.
Advances in information technology, in particular, have dramatically transformed economic life. Information technologies have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people.
Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization.
To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies. We welcome you to our website.
To read this page in Spanish, click here.Introduction: Concepts of Globalization There have been many trends in sociology in recent decades. These have varied from country to country. One was a concern with class and social mobility from the s onwards, in part evident in debates between Marxists and Weberians.
In the ‘60s and. The Concept It is the world economy which we think of as being globalized. We mean that the whole of the world is increasingly behaving as though it were a part of a single market, with interdependent production, consuming similar .
The point here is that globalization has had positive and negative effects and hence a nuanced and deep approach is needed when discussing the concept. What is undeniable is that globalization is here to stay and hence it is better for the countries in the global economy to embrace the concept .
Three Concepts of Globalization Jens Bartelson University of Stockholm abstract: This article is a brief inquiry into the meaning and function of the concept of globalization within the . Globalization. (Winter ). The Concept of Globalisation.
Globalisation refers to the process of the intensification of economic, political, social and cultural relations across international boundaries. It is principally aimed at the transcendental homogenization of .
Globalization is the favorite trap-concept of journalists and politicians. The term has also become the key idea for the practice and theory of the business, but also came in academic debates.
Unfortunately, what people want to express or define by globalization is often confusing. We further examine some key issues of the theory and experience of.