Globalization is the process of increasing integration and interaction between people, companies and governments around the world. It involves growing social, economic and political connections that cut across national borders. Globalization is driven by trade, investment and information technology and has economic, political, technological, cultural and other dimensions that both positively and negatively impact development worldwide.
Globalization is the process of increasing integration and interaction between people, companies and governments around the world. It involves growing social, economic and political connections that cut across national borders. Globalization is driven by trade, investment and information technology and has economic, political, technological, cultural and other dimensions that both positively and negatively impact development worldwide.
Globalization is the process of increasing integration and interaction between people, companies and governments around the world. It involves growing social, economic and political connections that cut across national borders. Globalization is driven by trade, investment and information technology and has economic, political, technological, cultural and other dimensions that both positively and negatively impact development worldwide.
Globalization is the process of increasing integration and interaction between people, companies and governments around the world. It involves growing social, economic and political connections that cut across national borders. Globalization is driven by trade, investment and information technology and has economic, political, technological, cultural and other dimensions that both positively and negatively impact development worldwide.
Globalization Concepts, Meanings, Features, and Dimensions
Globalization is the process in which people, ideas and goods spread throughout the world, spurring more interaction and integration between the world's cultures, governments and economies. 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 Globalization is the process of integration of economies across the world through cross- border flow of factors product and information Globalization is an expansion, and intensification of social relations and consciousness across world time and world space. It is about growing worldwide connectivity Globalization is considered a multi-dimensional process involving economic, political, technological, cultural, religious and ecological dimensions. It suggests a dynamic process of change that results in either positive or negative development. It leads to the creation of something new; it involves the multiplication of social connections and various activities that transgress traditional and political, economic, cultural and geographical lines. Characteristics of Globalization 1. It involves both the creation of new social networks and the multiplication of existing connections that cut across traditional, political, economic, cultural, and geographical boundaries. 2. Globalization is reflected in the expansion and the stretching of social relations, activities, and connections. 3. Globalization involves the intensification and acceleration of social exchanges 4. Globalization processes do not occur merely or an objective, material level but they also involve the subjective plane of human consciousness. ***Historical Periods of Globalization 1. The Prehistoric Period (10000 BCE-3500 BCE) 2. The Pre-modern Period (3500 BCE- 1500 CE) 3. The Early Modern Period (1500-1750) 4. The Modern Period (1750-1970) 5. The Contemporary Period (from 1970 to present) *Dimensions of Globalization 1.Economic Dimension This refers to the extensive development of economic relations across the globe as a result of technology and the enormous flow of capital that has stimulated trade in both sources and goods 2.Political Dimension This refers to an enlargement and strengthening of political interrelations across the globe 3.Cultural Dimension This refers to the increase in the amount of cultural flows across the globe. Cultural interconnections are at the foundations of contemporary globalization 4.Religious Dimension Religion is a personal or institutionalized set of attitudes, beliefs, and practices relating to or manifesting faithful devotion to an acknowledged ultimate reality or deity 5. Ideological Dimensions Ideology is a system of widely shared ideas, beliefs, norms and values among a group of people. It is often used to legitimize certain political interests or to defend dominant power structures. Ideology connects human actions with some generalized claims Major Ideological Claims of Advocates of Globalism 1. Globalization is about the liberalization and global integration of markets. 2. Globalization is inevitable and irreversible. 3. Nobody is in charge of globalization. 4. Globalization benefits everyone. 5. Globalization furthers the spread of democracy in the world. Globalization as a process, condition and ideology Globalization as a process… Globalization is viewed as a multidimensional set of social processes that generate and increase “worldwide social interdependencies and exchanges while at the same time fostering in people a growing awareness of deepening connections between the local and the distant. This view argues that Globalization is about the compression of time and space brought about by changes in technology and the political, cultural and economic aspects of human existence. Globalization as a condition… Globalization is also referred to by scholars as globality. According to Scholte (2008), globality is a social condition characterized by trans-planetary relations, globality is about the establishment of social links between people located at different places of our planet. Here, our planet is not treated aas a collection of geographical units but as a social space or an arena of social life. Globalization as an ideology… Following the line of reasoning of globalization scholar Michael Freeden, explains that globalization exists in the people’s consciousness because it consists of a set of coherent and complimentary ideas and beliefs about the global order. In other words, he believes that globalization is a political belief system that benefits a certain class. *According to Freeden, globalization as an idealogy has six (6) core claims. 1. Globalization is about the liberalization and global integration of markets 2. Globalization is inevitable and irreversible 3. Nobody is in charge of globalization 4. Globalization benefits everyone in the long run 5. Globalization furthers the democracy in the world 6. Globalization requires a global war on terror