Masamoc, Sharon Nicole V.

BSBA 1H

ACTIVITY:

News Report Critique:

Literature about globalization is produced by sociologists, political theorists, economists,

historians, anthropologists, and journalists. Globalization is a term variously employed, even by
experts within a single discipline. There is substantial debate, not only about its definition, but
also about its significance, and how it shapes our world. Most agree that globalization rests upon,
or simply is, the growth in international exchange of goods, services, and capital, and the
increasing levels of integration that characterize economic activity.

In this sense, globalization is only another word for internationalization. Importantly, it is

economic activity that is the fuel and furnace of cross-border integration and that there is no
doubt that we live in a truly global economy.

This resource covers a wide spectrum of concepts, people, and organizations related to
economic globalization--from its origins in the quest for exotic spices in the 16th century to the
debates and controversies that reflect it today. Volume 1 features over 150 entries, organized
alphabetically, with definitions and descriptions, examples, photos, references, and exhibits
featuring the most current data.