Globalization in different

aspects
Sir Malit
Economic Globalization
• Economic globalization refers to the
increasing interdependence of
world economies as a result of the
growing scale of cross-border trade
of commodities and services, flow
of international capital and wide
and rapid spread of technologies. It
reflects the continuing expansion
and mutual integration of market
frontiers, and is an irreversible
trend for the economic
development in the whole world at
the turn of the millennium. The
rapid growing significance of
information in all types of
productive activities and
marketization are the two major
driving forces for economic
globalization.
• In other words, the fast globalization of the
world’s economies in recent years is largely
based on the rapid development of science
and technologies, has resulted from the
environment in which market economic
system has been fast spreading throughout
the world, and has developed on the basis of
increasing cross-border division of labor that
has been penetrating down to the level of
production chains within enterprises of
different countries.
 According to UN
• Economic globalization refers to the
increasing interdependence of world
economies as a result of the growing scale of
cross-border trade of commodities and
services, flow of international capital and
wide and rapid spread of technologies. It
reflects the continuing expansion and mutual
integration of market frontiers, and is an
irreversible trend for the economic
development in the whole world at the turn of
the millennium.
Sociology, Culture and Globalization

• Globalization, according to
sociologists, is an ongoing process
that involves interconnected changes
in the economic, cultural, social, and
political spheres of society. As a
process, it involves the ever-
increasing integration of these
aspects between nations, regions,
communities, and even seemingly
isolated places.
• In terms of the economy, globalization refers to the
expansion of capitalism to include all places around
the world into one globally integrated economic
system. Culturally, it refers to the global spread and
integration of ideas, values, norms, behaviors, and
ways of life. Politically, it refers to the development of
forms of governance that operate at the global scale,
whose policies and rules cooperative nations are
expected to abide. These three core aspects of
globalization are fueled by technological
development, the global integration of communication
technologies, and the global distribution of media.
Cultural Aspects of Globalization
• The process of cultural globalization happens
through the distribution and consumption of
media, consumer goods, and the Western
consumer lifestyle. It is also fueled by globally
integrated communication systems like social
media, disproportionate media coverage of the
world’s elite and their lifestyles, the movement of
people from the global north around the world via
business and leisure travel, and the expectations
of these travelers that host societies will provide
amenities and experiences that reflect their own
cultural norms.
 Globalization of Politics
Under globalization, politics can take place above the
state through political integration schemes such as the
European Union and through intergovernmental
organizations such as the International Monetary Fund,
the World Bank and the World Trade Organization.
Political activity can also transcend national borders
through global movements and NGOs. Civil society
organizations act globally by forming alliances with
organizations in other countries, using global
communications systems, and lobbying international
organizations and other actors directly, instead of
working through their national governments.