The Definition of Globalization Essay - 1832 Words

Globalisation is a term that is frequently used but hardly ever defined. It refers to the rapid increase in the share of economic activity taking place across national boundaries. This goes beyond the international trade in goods and includes the way those goods are produced, the delivery and sale of services, and the movement of capital. Globalisation it is also an idea of our time, highly contested and widely accepted at the same time. It relates to the economy, politics, culture, society, and generally, with everything we deal with in our everyday lives. Can be thought of as a process, in which economic markets, technologies, and communications gradually can to exhibit more global characteristics, and less†¦show more content†¦Therefore they argue that globalisation is only a process of intense internationalisation (or Tran nationalisation) (Held et all, 1999: 155-171). However, (Lash and Urry, 1994: 279-312) argued that globalisation deals not only with economic relations but also with cultural, political, social and environmental issues. It is not a coincidence that the concept of globalisation took off during the time of the information revolution. Even the first traces of globalisation deal, directly or not, with the circulation of information. The circulation, or sometimes imposition, of culture through religions and empires (which imposed information) in the pre-modern era is an example of early globalisation (Held et all, 1999, ch 7). Waters (1995: 146) says that perhaps the most significant event in 19th century globalisation was when the war correspondent of The Times in the Crimean War of the 1850s was able to telegraph his reports instantly back to London so that events were available almost as soon as they happened. Taking into account that instantaneous electronic communication is required in order for translational corporations (TNCs) to operate their global activities, the information revolution can be granted as the drive for the twentieth century globalisation. The European Union The European Union is a primarily economic and secondary political Union. At the present time theShow MoreRelatedDefinition of Globalization2245 Words   |  9 PagesDefinition of Globalization [pic][pic][pic][pic]Different Viewpoints About Definition Of Economic Globalization Definition of globalization is a vast as well as a debatable topic. Contemporary writers have viewed this word from their own unique perspective. At the same time various factors including but not limited to culture, society values, benefits and side effects have been instrumental in shaping the various forms of definitions of this word. Globalization generally refers to the processRead MoreThe Definition Of Globalization Given By The Writers At Globalization101. Org1242 Words   |  5 PagesThe definition of globalization given by the writers at globalization101.org is â€Å"is a process of interaction and integration among, the people, companies, and governments of different nations, a process driven by international trade and investement and aided by information technology†. This definition, by all rights is a general, all inclusive statement about globalization and its respective components. However, the fact of the matter is, this definition does not truly reflect the importance andRead MoreIs Globalization Good for Workers? Definitions and Evidence from Latin America1118 Words   |  5 Pagesarguments and insights According to most economists, globalization is seen as a beneficial asset for workers, while on the other hand, various sociologists, anthropologists, and historians would beg to differ. 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In this paper, I strive to researchRead MoreGlobalization Paper1190 Words   |  5 PagesGlobalization Paper GBM/380 January 10, 2011 Professor Jing Liu Globalization Globalization can be viewed as one of the major influences for the world’s progressions over the past centuries. It is comprehended that globalization has the potential to make countries and societies richer via free trading or little trade barriers providing knowledge and information to people around the world. Others perceive globalization negatively and view it as a major factor to exploit the poor while theRead MoreGlobalization : A Very Short Introduction1372 Words   |  6 Pages There are many ways to look at and understand modern globalization. In general terms, globalization means that the world, as a whole, is leading to a more utopian society, meaning that the globe is become very interconnected and similarities are growing between different regions and cultures of the world. 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