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The most comprehensive and modern understanding what globalization is this lines:
Globalization is a process of interaction among the people, companies and governments of different
nations. It is a process driven by international trade and investment and aided by information
technology. This process has effects on the environment, on culture, on political systems, on economic
movement and on human physical well-being in societies around the world “Globalization 101, n.d).
Globalization, as a concept, is connected with the way we view our place and the meaning of
this planet. More so, it describes processes which steer the policies of nation directly gives impact to
various institutions. This is inevitable since globalization is a process by which different parts of the
world interact economically, politically and culturally. It ia international expansion of the world scale
(Patel, 1999), a declining international variety, but increasing international interconnectedness. Hence,
the transformative powers of globalization reach deeply into all aspects contemporary socio-economic
and cultural life.
Steger (2005) used the term “globality” to signify a future condition characterized by thick
economic, political and cultural interconnections and global flows that make currently existing political
borders and economic barriers irrelevant. It further viewed as the interpenetration of geographically
distinct ‘civilizations’ (Roberson, 1995). Steger propose that the core of globalization is the
unprecedented compression of time and space as a result of political, economic and cultural change, as
well as, the powerful technological innovations. Steger then developed six core claims of globalization,
which are as follow: