Globalization definition of globalization by the free. The second half will discuss the concept of globalization. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on. His published research includes topics such as forecasting world political change, socialeconomic development and social evolution. Globalization has become a familiar enough word, the meaning of which has been discussed by others before me during this conference.
There are advantages and disadvantages to globalization, all of which have economic, social, political, and cultural impacts. Globalization simple english wikipedia, the free encyclopedia. The statement looks critically at globalization as a phenomenon which has wrought fundamental. Globalization studies and editorinchief of the journal age of globalization in russian. 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. In a globalized world, social and economic activities transcend the borders and regions. Globalization is the connection of different parts of the world resulting in the expansion of international cultural, economic, and political activities. The au has established a regional peacekeeping force, criminal court and common army to eliminate rivalries among its. In simplest terms, globalization refers to global interconnection in terms of trade, ideas, culture, etc. Usually when we think of the global economy we think of trade, the buying and selling goods and services, such as cars, coffee, etc. While most americans only began paying attention to globalization with the north american free trade agreement nafta debates in 1993. Globalization, the world over, does not have a cakewalk.
The global economy and distribution of wealth affect, for example. Globalization definition and meaning collins english dictionary. In its general definition, globalization can be defined as an extensive network of economic, cultural, social and political interconnections and processes which goes beyond. Download limit exceeded you have exceeded your daily download allowance. 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. 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. Any discussion on globalization its meaning and content should necessarily begin with roland robertson, who could be said to be father of globalization. Globalization definition and meaning collins english.
It is quite obvious that the tremendous changes and innovations in. Definitions and perspectives composed by eric beerkens, 2006. 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. This process has effects on the environment, political systems, economic development as well as. Whatever the negatives of the present model of globalization, it was recog. From religious or theological perspectives, globalization calls forth religious response and interpretation. Globalization definition, the act of globalizing, or extending to other or all parts of the world. 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. Globalization notes pdf download advantages and disadvantages. Globalization may appear a macro phenomenon and distant, not the same as micro issues that have more of an impact on daily life. 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. Globalization is an elimination of barriers to trade, communication, and cultural exchange.
Antiglobalization definition and meaning collins english. The first half of this introduction will look at the sociology of globalization and themes of the book. 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. Tabb examnies critically the globalization of economy and its meaning for working people. Globalization is one of the most vibrant, contested, and debated issues in modern international relations. Globalization law and legal definition uslegal, inc. The impact of globalization on cultural identities 193 and meaning that form the intergenerational network which provides continuity to social life. Here you will learn the definition of globalization, examine its positive and negative effects, and be presented with real examples of globalization. Whether this phenomenon is a good or a bad thing largely depends upon the subjective interpretation. 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. Thus the globalisation of the economy simply indicates interaction of the country relating to production, trading and financial transactions with the developed. Globalization meaning in the cambridge english dictionary.
Globalization definition is the act or process of globalizing. 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. In addition to economic trade, the silk road served as a means of carrying out cultural trade. By the term globalisation we mean opening up of the economy for world market by attaining international competitiveness. Let me nonetheless outline briefly what i understand by the term. Like the concept of globalization itself, the definitions presented here are broad and. 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. Despite the breadth with which the term has been applied, the meaning of globalization remains so elusive as to defy definition. It was in the year 1990 that mike featherstone edited a book, global culture sage publications, london which appeared in the market. Pros and cons of globalization with examples pros of globalization. Hence, globalization can be conceived as a myth, a rhetorical device, a phenomenon, an ideology, a reality, an orthodoxy, a rationality. And, therefore, instead of calling it globalization, we should call it globalizations. The defining document of the cold war system was the treaty.
Let us make indepth study of the meaning, advantages and disadvantages of globalisation. Globalization refers to the tendency of international trade, investments, information technology and outsourced manufacturing to weave the economies of diverse countries together. Archived pdf from the original on 22 september 2018. His published research includes topics such as forecasting world political change, socialeconomic development and. If globalization is a river, we must build dams to generate power 77. Economic globalization is the process by which the whole world becomes a single market. What make this phenomenon more complex are the contradictory justifications on the origin of globalization, conflicting ways of defining the.
Of course, the silk road was plied by only a small group of hardy traders. There are advantages and disadvantages to globalization, all of which have economic, social, political, and. What is globalization international journal of humanities and. Globalization may be defined and realized in many ways. Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. The theory behind globalization is that worldwide openness will promote the inherent wealth of all nations. The symbol of the cold war system was a wall, which divided everyone. But the term gained popularity after the cold war in the.
In its general definition, globalization can be defined as an extensive network of. Globalization results from the removal of barriers between national economies to encourage the efficient flow of goods, services, capital, and labor. Globalization, challenges, management, effects of globalization introduction globalization typically refers to the process by which different economies and societies become more closely integrated, and concurrent with increasing worldwide globalization, there has been much research into its consequences nilson, 2010, p. 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. Globalization, according to sociologists, is an ongoing process that involves interconnected changes in the economic, cultural, social, and political spheres of society. A short definition of economic globalization is the transnational increase in trade and capital transfers across national boundaries. His academic interests are connected with the analysis of problems of globalization and modernization. The defining document of the globalization system is the deal. 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. Antiglobalization definition of antiglobalization by. 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.
Its avatar is plural, its processes are historical and its outcomes are varying. Globalization is the integration of national economies through trade, investment, capital flow, labor migration, and technology. It implicates religion and religions in several ways. 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. Antiglobalization definition is opposition to globalization.
With the addition of new dimensions in the form of business and trade, the definition of globalization has taken higher meaning. Globalization definition of globalization by merriamwebster. The process is subject to a wideranging number of definitions, but most scholars and observers agree that it represents a global process of increasing economic, cultural, and political interdependence and integration, with deep historical roots. Yet largescale global processes of economic restructuring and international political power have a big impact on our individual lives. Globalisation definition, the act of globalizing, or extending to other or all parts of the world. When cultures meet, ideas converge and people accept others views, the world becomes small and the effect is seen in all aspects of life. The symbol of the globalization system is a world wide web, which unites everyone. Globalization or globalisation is the process of interaction and integration among people, companies, and governments worldwide. Globalization definition in the cambridge english dictionary. Globalization refers to the historical process by which all the worlds people increasingly come to live in a single social unit. Globalization or globalisation is the process of interaction and integration among people. Trends, risks and risk prevention gao shangquan economic globalization is an irreversible trend economic globalization refers to the increasing interdependence of world. It is the movement and integration of goods and people among different countries. Globalize definition of globalize by merriamwebster.
Countries have built economic partnerships to facilitate these movements over many centuries. In both academic and popular discourses globalization has become one of the catchwords of the 1990s. Understanding the basics of political globalization. In a general sense, the increasing worldwide integration of economic, cultural, political, religious, and social systems. 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. Such a vision could not be understood except from the perspective of the observation of observers since in the receptivity of the point of view of tradition by each new generation what has. Since the invention of the concept, globalization has inspired numerous. Cultural and civilizational clustering in telecommunicative space 19891999 telematics and informatics 23 2006 316331.
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