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CHAPTER 1 Introduction To Globalization
CHAPTER 1 Introduction To Globalization
INTRODUCTION
TO
GLOBALIZATION
CHAPTER OVERVIEW
Globalization plays a vital role in the economic system of the world. The world
economy which is set to be a system of being globalized. What does it mean? It
means that the whole world is increasingly involving as a part of a single
market, with interdependent production, consuming similar goods, and
responding to the same impulses. It also involves of spreading of ideas,
practices, and technologies. It is the connectivity across the entire world of the
economic and cultural life that increased throughout the centuries. However,
what is the real concept of globalization and when did it begin? Does the
perspective of every experts differ from one another? What are some impacts of
globalization to the development of world’s economy? Do you think it is
beneficial? Why or why not?
Theaim of this chapter is to outline some of the main
dimensions of globalization and to indicate some ways in
which they are being studied and criticize by the experts.
This chapter is an attempt to open more doors than it
closes and to point the reader in directions that I have
myself found fruitful.
DEFINITION OF GLOBALIZATION
Globalization as a condition
Future social condition characterized by thick
economic, political, and cultural
interconnections and global flows that make
currently existing political borders and
economic barriers irrelevant (Steger (2005).
Globalism