Globalization is an undeniable part of modern life where advances in technology have increased integration on a global scale. It can be broadly defined as the process of international integration arising from the interchange of ideas, products, and culture worldwide. More specifically, globalization refers to the development of an increasingly integrated global economy marked by free trade, flow of capital, and accessing foreign labor markets. There are both broad and narrow ways to define globalization, with narrow definitions focusing more on economic integration and internationalization of production.
Globalization is an undeniable part of modern life where advances in technology have increased integration on a global scale. It can be broadly defined as the process of international integration arising from the interchange of ideas, products, and culture worldwide. More specifically, globalization refers to the development of an increasingly integrated global economy marked by free trade, flow of capital, and accessing foreign labor markets. There are both broad and narrow ways to define globalization, with narrow definitions focusing more on economic integration and internationalization of production.
Globalization is an undeniable part of modern life where advances in technology have increased integration on a global scale. It can be broadly defined as the process of international integration arising from the interchange of ideas, products, and culture worldwide. More specifically, globalization refers to the development of an increasingly integrated global economy marked by free trade, flow of capital, and accessing foreign labor markets. There are both broad and narrow ways to define globalization, with narrow definitions focusing more on economic integration and internationalization of production.
• Globalization is said to be a undeniable part of everyday
life • We are said to be living in a “global age”; • Where mass media serves as a bridge WHAT IS GLOBALIZATION?
• Some link it to progress, development and integration
• Distances are shortened, things move closer, leading to mutual benefit • Others say it is linked to regression, colonialism and destabilization. • Martin khor once regarded globalization as colonization WHAT IS GLOBALIZATION?
• Globalization is the process of international integration
arising from the interchange of world views, products, ideas and culture • Advances in transportation, telecommunications, infrastructure, including the rise of the internet are major factors in globalization WHAT IS GLOBALIZATION?
• Merriam-Webster’s dictionary defines globalization as
• “the act or process of of globalizing: The state of being globalized especially: the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets.” TWO CLASSIFICATIONS OF DEFINITIONS
• Broad and Inclusive
• Narrow and Exclusive BROAD AND INCLUSIVE
• These definitions can include a variety of issues dealing
with overcoming traditional boundaries • It is however more vague. • Ohmae’s definition stated that “globalization is the onset of the borderless world” falls under this category NARROW AND EXCLUSIVE
• Narrow and Exclusive definitions are more easily justified
• But they are seen as more limiting NARROW AND EXCLUSIVE
• Cox’s definition best suits this “the characteristics of the
globalization trend include the internationalization of production, new international division of labor, new migratory movements from south to north, the new competitive environment that accelerates these processes, and the internationalizing of the state…making states into agencies of globalizing world” SOLID
• Solids or solidity are barriers which prevent or make
movement difficult • This includes man made barriers as well as natural barriers • Have a tendency to melt LIQUID
• Refers to the increasing ease of movement of people,
things, information, and places in the world • Continuous fluctuation • Tends to melt whatever is in its paths(especially solids) FLOWS
• Used to describe the melting process of phenomena
• Flows are the movement of people, things, places, and information