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Tuesday, May 26, 2020

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. 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