Globalization Has Transformed Our Economic Lives

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Sociology has looked at the way people interact with one another in groups, cultures, societies and organizations. An emerging topic in sociology that takes in a bigger and more worldly view is globalization. Globalization is defined as taking into account the way the world becomes more connected with itself through cultural, transportation and communication means. These international connections came before the time of capitalism and colonization itself. Long since then, countries have traded with one another in spices and riches to influence food and even culture. Back in the 19th century, it took people a very long time to get from one place to the other but now with advances and technologies, it is possible through both real time or…show more content…
There is no perfect theory to describe or pinpoint how globalization functions but rather look at this phenomenon from all it 's dimensions. Immanuel Wallerstein 's theory on world systems revolves around a historical and qualitative viewpoint. Wallerstein was inspired by people such as Karl Marx, Joseph Shumpter, Karl Polanyi and Fernand Braudel. Wallerstein insists that social scientist are not able to take a value free and objective approach and therefore he looks into the historical influences around the world to comprehend globalization. Immanuel Wallerstein developed the world systems theory. In this theory, he states that the modern world systems are filling what all other societies have done in the past. Wallerstein 's concept of an expanding world system is “social system, one that had boundaries, structures, member groups, rules of legitimation, and coherence. Its life is made up of conflicting forces which hold it together by tension and tear it apart as each group seeks eternally to remold it to its advantage, It has the characteristics of an organism, in that it has a life span over which its characteristics change in some respects and remain stable in others” (as cited by Applerouth et al., 2012). Although the system is made of different types of cultures, it divides itself with a unified form of labor that enters economic exchange to survive. Wallerstein compares the worlds systems of
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