Globalization Is Not New?

Globalization refers to the development of an integrated world economy, exchange of cultural views, thoughts, and products (Wikipedia, 2013). Pologeorgis (2012) states that, essentially globalization began with the exploration and settlement of new lands. Communication and transportation advances have aided in this process.

For over thousands of years, globalization has widely occurred worldwide. Infact, since it had such an impactful widespread among people and families, It stayed throughout its heritage and was passed on to today.

“Globalization is a process of interaction and integration among the people, companies, and governments of different nations, 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 development and prosperity, and on human physical well-being in societies around the world” (The State University of New York, 2014, para 1).

At the moment, the whole world is being swept by globalization at a speed that is both immense and inescapable. The present scenario can be associated with that water glass which is considered as half-empty by the pessimist and is viewed as half-full by an optimist. The Internet has empowered cultural globalization tremendously. It has initiated an environment that is globally borderless. If the impact of internet on cultural globalization is judged, one would crystal-clearly observe that it has made nations realize their potentials and strength. Its usage has created new and additional wealth worldwide by eliminating cultural differences ("Creating Wealth in a" 2006, p. NA).

In the late 20th century, technology began advancing so quickly that entire world economies underwent extraordinary transformations in very little time. It used to be only a handful of powerful people and corporations interacting in global trade and commerce, but technology has made it so “countries like India are now able to compete for global knowledge,” giving leaders and companies the ability to work with more nations than ever before (Friedman 7). The internet has given men and women the power to connect, communicate and provide information to people across the planet in an instant. It has given people the opportunity to seek knowledge, educate themselves and single-handily play a role in the world economy. This is called

The term globalization can be defined as a process by which societies, regional economies and cultures have been integrated via a global network of transportation, communication and trade. It has both positive and negative impacts in all the areas that it touches on be it economical, social, technology, cultural, political, environment, health or any other. Globalization started to have an impact on businesses world wide in the eighteenth century since that time marks the merging of modernity and globalization. However, in the modern sence, globalization kicked off after the end of Second World War since its during that time that leaders felt the urge to break down the borders

Globalization is about information. In my opinion, information speed and access is the most important factor in bringing the world together. By far the most influence technology to how fast a person can access information is the internet. The internet allows information to be transferred across the planet in milliseconds. From its start as ARPANET in the 60s, it has been the backbone for connecting a variety of organizations. ("Internet", 2016)

We all live in a globalized world; due to technologies being rapidly made it has driven globalization. Now we are well informed about other countries across the entire world and able to communicate internationally. Globalization has created a framework for cooperation among homelands. Generally, it has affected our nations and, indirectly we, the citizens in various ways; economically, politically, and socially, however it is a fast integration and association of various nations, which shapes the world affairs on a global level. The concept of globalization is evident in the many difficult challenges that come with it, involving our cultural differences, and the regulating challenge of globalizations. The phenomenon of globalization has affected many cultures around the world, resulting in the Americanization of other nations.

The increase of knowledge, trade and capital driven by new advancements in technology. “There is fierce debate among scholars about when globalization began.” Stated by Investopedia.com. Economists argue globalization started with the earliest human migratory routes, while others view it far more modern. The term itself, globalization has seen common use since the 80’s. I believe globalization started in the post-war era when the United States was seen as the most powerful country in the world. Multinational corporations set off a swell of consequences, both very positive and negative. Investopedia.com states, “The unpredicted ease of travel around the globe and the development of modern communications are used to support this view of globalization.” Capital flowing from country to country around the world has changed the way businesses increase in size and power. Thefreedictionary defines industrial capital as “Capital advanced to produce surplus value and functioning in the sphere of material production, including industry, agriculture, construction, and transportation.” Advancements in transportation (such as cargo ships, jet engines and cars) have created a bridge to hundreds of countries and thousands of cities all around the world; thus increasing trade, money, and knowledge all around the world. An article from the Obesity Prevention Source Defines, “ Globalization- The inexorable spread of

Through accurate and in-depth study of globalization note that it aims to remove the barriers of all kinds between the peoples of the world and to try to promote a certain lifestyle, behavior and culture of any imposition of American behavior and its system of civilization, has been helped by the huge jump occurred in international institutions and networks, concurrent with the advent of the Internet, which constitutes a serious and clear in the deepening of the phenomenon of globalization, and to work towards the idea of ​​unification between the peoples of the world in light of the terrible and the idea of ​​making the world a small village communications revolution is very dangerous idea melts the world cultures and religions by removing

If we want to fully understand the importance of globalization and its effects on the world’s economy and society now and its potential for the future, it is vital that we study its past and how it has originated. The history of Globalization is broad and diverse therefore it is only possible to outline some of the main areas. Globalization isn’t just a modern day phenomenon. Trading activities date from the very earliest of civilizations, but it was the Middle Ages in Europe that initiated systematic cross-border trading operations carried out by institutions of a private corporate nature. By the end of the 14th century it is estimated that there were as many as 150 Italian banking companies already operating multinationally. (Dunning, 1993) This is not exactly globalization, it is however international trade. International trade is one of the main concepts behind globalization.

Globalization is the increasing interdependence and connectedness of the world, its businesses and it markets, as well as flow of goods, ideas, technology, people etc. This phenomenon has increased vastly over the years due to technological advances, telecommunications and internet. As the world becomes a global economy, countries have the opportunity to advance more but with the catch that there is also increased competition. Thus as it becomes more common and powerful a feature, it also has some resistance as well. (InvestorWords, n.d.)

People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization. Spurred on in the past by merchants, explorers, colonialists and internationalists, globalization has in more recent times been increasing rapidly due to improvements in communications, information and transport technology. It has also been encouraged by trade liberalization and financial market deregulation.

Economic globalization has become the most important feature and a general trend of present world economic development. Globalization is a phenomenon and also a process of development of mankind and human society (Hamilton, 2008). It is the essential feature of the modern age. Globalization is the cross-border flows of capital and goods, including capital, labour, technology and natural resources (Bożyk, Misala & Puławski, 2002). Economic globalization is a historical process, and the germination of it could date back to the 16th century. After the industrial revolution, capitalist commodity economy, modern industry and transportation have been developing rapidly. The world market was fast expanded and the foreign trade was

Globalization refers to the interconnection among countries, politically, economically and culturally. Globalization has come into existence due to the following factors: (i) betterment in transportation and communication, (ii) human and capital mobility, (iii) increasing formation and existence of NGOs and multinational corporations.