On the Meaning of Globalization

1) First of all, what is globalization? And what are some arguments in favor of and against it?

“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).

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

According to Information System Today, (2014); Globalization will fall under all the categories of technology that move around the world “the greater international movement of commodities”. Globalization has change all aspect on how we do things, from ecumenical changes, cultural changes to technological changes. We are able to manage various things around the world with the comfort of our home (Schneider & Valacich, 2014). A perfect example of globalization would be the following: Leaving in Texas but having your clients or major business deals in Puerto Rico and been able to do it all from her home in Texas without having to do much traveling or no traveling at all. Been able to have conferences and meeting with different people around the

Globalization is the process by which different societies and cultures integrate through a worldwide network of political ideas through transportation, communication, and trade. Generally, globalization has affected many nations in various ways; economically, politically, and socially. It is a term that refers to the fast integration and interdependence of various nations, which shapes the world affairs on a global level. Simply put; globalization is the world coming together. In this essay I will discuss multiple perspectives on globalization through the analysis of these three sources.

Innovations in technology and society have eradicated the difficulties with communication between different populations. This transition from communal living standards to the interdependence of economies throughout the world will later be known as economic globalization –

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.

Globalisation is the process by which the world is both becoming more interlinked and compressed via communications, trade, technology and ideas. This leads to interdependence, where global links and communications lead to countries becoming more reliant on each other, especially in economic terms; with trade and intercontinental investments intertwining global growth. Advancements in technology in recent years have led to increased communications and faster and more efficient travel. This has caused the process of globalisation to speed up rapidly, especially in relation to the time-space continuum, in which events happening in one area of the world reach other areas within a matter of hours over the internet and more efficient phone

Globalization is a movement that evolves over time. It heavily involves trade and business that builds relationships with border countries and overseas. Technology is a critical part of globalization as it involves connecting people in many ways. “The number of minutes spent on cross-border telephone calls, on a per-capita basis increased from 7.3 in 1991 to 28.8 in 2006” (IMF Staff, p. 271). The growth of technology has made it possible for people to connect almost instantaneously. Snapchat, Skype, and FaceTime allow people to have live conversations from far distances. Sharing information and ideas allows for innovations. Many opportunities can occur from globalization such as growth in Capita, better health care systems, advancement in technology.

The issues of globalization increasingly dominate the universe’s life. The concept of globalization according to Robertson (1992) refers to the narrowing of the world as incentives and increased our awareness of the world, namely the increasing global connections and our understanding of the connection. Globalization is a situation in which no boundaries between the people of the world and links communities in a country with people in another countries. Globalization departs from an idea to unite the nations which is expected to be a mutual agreement and guidelines for nations around the world. Globalization is able to waive the space and time constraints to get the interaction and communication between nations can be done

Globalization can be defined as “the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labor markets” (Webster Dictionary). It brings countries closer together and impacts things such as human rights, politics, and economics. While Globalization can have positive factors it has its downfalls.

Modern globalization encompasses many of the world’s essential attributes: from the modern economy, to politics, to our immense society and the various cultural factors it holds. Globalization accounts for our highly intricate world to become unified in all aspects. One of the key factors that makes globalization so powerful is its ability to spread communication. Nations are able to communicate with one another to collaborate or resolve issues, companies are able to expand their business, and a person living in the United States is able to instantly exchange information with someone across the globe through the use of technology. Yale Global Online defines the power of globalization as, “One in which wealth can be created and destroyed in

Broadly speaking, the term ‘globalization’ means integration of economies and societies through cross country flows of information, ideas, technologies, goods, services, capital, finance and people. Cross border integration can have several dimensions – cultural, social, political and economic. In fact, some people fear cultural and social integration even more than economic integration. The fear of “cultural hegemony” haunts many. Limiting ourselves to economic integration, one can see this happen through the three channels of (a) trade in goods and services, (b) movement of capital and (c) flow of finance. Besides, there is also the channel through movement of people.

Many often hear the term, but do not quite know what it means. Globalization is a modern term that is used to define a longstanding process. It is a process that basically connects people all over the world, with people all over the world. More formally defined by National Geographic, “globalization results in the expansion of international cultural, economic, and political activities. As people, ideas, knowledge, and goods move more easily around the globe, the experiences of people around the world become more similar.” (2015) Globalization has allowed citizens from all walks to life to achieve some form of communication with friends, family, and colleagues, all across the globe. As we watch technology rapidly advance, this becomes easier and easier. Although this seems like a positive position, it has actually opened up doors to situations that are progressively problematic, such as Global Warming.

Nowadays, from Americas to Europe, and from Asia to Africa, people are wearing blue jeans, watching MTV, using Apple products, eating burger and sushi. This is a picture of the globalization bringing the world closer through the exchange of goods and services, information, knowledge and cultures. Over the last few decades, the pace of this global integration has become much faster and more dramatic because of major advances in communication, information processing, and transportation technology, including the explosive emergence of the World Wide Web.