(Giddens, 1990) It is considered as something more than internationalization, modernization or Westernization. Globalization involves the idea of the world being a single place and entity. And this could be reflected in phrases like “global economy” and “global village” which are now very commonly used in Model United Nations (MUN) all over the world. Globalization can be easily classified or broken down in different categories. 1. Economic Globalization Free movement of goods and services across borders is called Economic globalization. As a result, the economies of the world have now become much more integrated and interdependent upon each other. Formation of multinational companies and outsourcing also show a dramatic increase in the trend due to economic globalization. A great reduction in the trade tariffs and barriers has been seen in international trade which has encouraged free flow and movement of goods from one country to another. Apart from that, economic institutions such as the World Trade Organization (WTO) and International Monetary Fund (IMF)also help in the facilitation of barrier –free flow of goods and services amongst nations. 2. Cultural Globalization Increased interaction and communication of people belonging to different cultures is known as cultural globalization. When different cultures meet and interact with each other, it results in identical values, morals, ethics and philosophy. The increased movement of cultural globalization has had a huge impact on populations all over the world. Informational services all over the world have seen an internationalization of technologies such as Internet. Even though this expansion of technology has had some bad influence on some populations, such as the creation of Digital Divide, one cannot deny the advantages it has brought to the world of technology. It has had a dramatic impact on communication technology. The rise in the transmission of popular culture has eased its way from the countries of the North throughout the entire globe. (Robertson, 1992) The hegemony of “Western alien” culture over domestic culture has been analyzed and criticized by many critics. This can be seen in South Asian countries like India and Pakistan where increased globalization has seen a rise in “westernization” of culture. The popular culture of the west is found more amongst people who have easy and available access to Media and other technologies. The use of foreign, branded and exotic products has become extremely common amongst the masses which have also created a sense of inequality in many. 3. Political Globalization Political globalization focuses towards transnationalism and the influence that human associations have over the governments. By the 1990’s, the formation of national and international non-governmental organizations (IGO’s and INGO’s) had increased drastically and thus, their influence on governments had become even more strong. Popularity or dominance of one political system (such as Democracy, Monarchy, Military governments, Republic etc) in many countries can also be referred to as Political Globalization. People nowadays have become more aware of their political rights and so more and more countries are now shifting towards the Democratic system. The recent Tunisian and Arab revolution can be considered as a manifestation of Political globalization. Historical significance of globalization: Historically, globalization has
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The meaning of Globalization: The term Globalization refers to the movement of knowledge, ideas and goods across national borders. It is the diffusion of information and practices. This word became widely used in the 1980’s in order to describe the increased interdependence and connectivity of countries all over the world…
In my opinion, it is the reason why we know about the entire world and also use goods produced there without actually visiting it. This concept is not a new one but has existed since the time the Romans started trading goods and shipping them to other parts of the world.
The developments of new technology, cross-border tourism, and labour mobility have been the drivers of global consumer culture (Merz, He & Alden, 2008). However, opinions differ on the impact of change and the extent of change. While globalisation and cultural practices have a reciprocal relationship (Tomlinson, 1999) opinions differ on the extent to which cultural homogenization has taken place.
According to Rothenberg (2003), “globalisation is the acceleration and intensification of interaction and integration among the people, companies, and governments of different nations” (pp: 1). Today, with the altering viewpoints, globalisation has emerged as “neologism of the new millennium” (Putko, 2006: 1).
However, this also affects the culture of people as they are closely related. Britain is one of the countries affected by the aspect of globalisation. As a fact, there are both positive and negative effects of globalisation on the culture.
Globalization also refers to the massive migration of people, changing national identities and cultural belongings (Suarez- Orozco & Qin- Hilliard, 2004) shattering internal and external borders among and between nations. With its multifaceted connotations, globalisation has
It was only after industrialization that advancement or growth spread to majority of the world population, which in a way changed lives of many people. And as time flowed, new movements or changes started to have effect on the lives of people and international relations, aiding
Rather it depends on the modernization and liberalization of a country. There has been a need for some revolutionary concept that would revive the entire world and assist the countries to experience an overall development. Globalization
What does this expression actually mean in the economic context and importantly in the ethical context? How does this process, impacts the various stakeholders from business organizations to common people both in the economic context as well as in the ethical