The Meaning Of Globalization And Sustainable Development

Globalization, a contested concept among leading theorists in its definition, chronology, and measurement of effects, is almost certainly of a multidimensional nature if such theorists’ perspectives are all taken equally into consideration. The broad phenomenon of globalization can therefore be scrutinised more closely by separation and analysis of individual dimensions, such as its political, economic, cultural and ecological dimensions. This approach, while allowing for a more focused examination of the causes and effects of globalization within a single dimension, serves to highlight the interconnectedness of each dimension. The following essay will expose the complex interconnection between the political, economic and cultural

At this point of time, globalization has grown to be a phenomenon that is significantly important economically, politically, and culturally. The amalgamation and incorporation of the world economy around the globe has reshaped business. Not only this, it has created "new social classes, different jobs, unimaginable wealth, and, occasionally, wretched poverty" (Kiggundu 2002, p. 4) by restructuring the lives of the individuals. For some, globalization is associated to modernism and contemporary practices. Others understand it as American domination (particularly those living in Asia). On the other hand, some people believe it to be the emasculation of America (Kiggundu 2002, p. 4).

Globalization, defined as “a process that aims to expand business operations on a worldwide level, and was precipitated by the facilitation of global communications due to technological advancements, and socioeconomic, political and environmental developments” has been around for ages. However, it is a force that is becoming increasing more relevant in today’s world. In layman’s terms, globalism is the merging or “melting” of individual perspectives and markets into a more global market. As of recently, society has been obsessed with studying globalization. However, the conversation is rarely economical. Globalization is typically looked at as a social or cultural force that is shaping and connecting the world. This is scene in clothing styles, human travel, and popular culture that has become increasingly similar across nations. That sentiment isn’t wrong-globalization does have a cultural side, but many people are missing the economic impacts that this new world is facing. In fact, the economic implications of globalization and how governments legislate to control them leads to significant opportunity, but also huge threat globally.

Globalization has been a process underway for hundreds, if not thousands, of years. From the Roman Empire, to caravans on the Spice Road, to the Transatlantic Slave Trade, the process of connecting the globe in an interdependent web has been underway for a long time. Today, it seems that this process has been quickly accelerated. Since the end of World War II and the rebuilding effort that followed it, global development has increased at an intense rate fueled by transnational corporations, the World Bank, and the International Monetary Fund. These multilateral organizations have transformed our global economy and reshaped our society.

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.

The occurrence of globalization, sustainable development, and the ecological footprint are all seemingly connected in today’s environmental capacities. To further understand these environmental processes, one must divulge into these individual environmental concepts to properly understand their facilitations. Furthermore, according to professor Vamvakas “a major theme of Sustainable development is the alternative to the destruction of the world environment by the economic imperative of globalization” (Vamvakas, 2014).

Globalization implies distinctive things to diverse individuals. To the individuals who support it, it speaks to less explanations behind outfitted clashes, more open doors for getting away from the bounds custom and bias, a higher expectation for everyday comforts, and more access to the great things of life; so, private enterprise and majority rules system. To the individuals who doubt it or disdain it, it implies the submersion of national power, the elimination of territorial societies, the advancement of multinational enterprises and the chapter 11 of corner stores, the undermining of religion, and the defilement of profound quality; to put it plainly, private enterprise and popular government.

The affairs around Globalization are not new to the study of World Politics. Although Globalization is not a new phenomenon and historians, anthropologists and economists can agree that Globalization is not a new phenomenon there are little to no agreements to the origin of Globalization and when it started. The definition of Globalization from the Mirriam-Webster dictionary defines Globalization as “the act or process of globalizing : the state of being globalized; especially: 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”. With taking the Miriam-Webster definition into account while looking into influential theories that

The concept of globalization is one of the most talked about terms over the past decades. In fact, it is a highly popular buzzword that admittedly lacks a standard or commonly agreed upon definition. (Trebilcock, 2000). The concept of economic globalization stemmed from the root concept of “globalization” and by definition, pertains to that specific attribute of globalization that refers to the process of integration between the economic front and the ‘developed’, ‘under-developed’ and ‘developing’ economies (Naik, 2011). Economic globalization essentially comes together through international trade, FDIs (foreign direct investments) and the like (Naik, 2011).

Global sustainability is multi-faceted topic and is very complex. However, at its essence, global sustainability is defined as using your resources wisely today to give your children a better life tomorrow. It is the balance between using enough to develop right now but leaving enough for future generations. For example, if we were only looking at preserving the environment and not developing it, we might use none of the resources and leave them to be. But the problem with that is that then there is no resources for us to use. On the other hand, if we were just looking to develop the land, we would use all of our resources, but then there would be no more left for the future. Thus, I want our

In the modern world today, activities are becoming faster, closer, and easier than they had ever been. At the tip of your fingers, people are able to exchange information almost instantly. Not only is the rate of information becoming faster, but also the rate of exchange of goods, services, and money. So how once a separate world consisting of different nations with different cultures becoming hurled into one large body? This pulling together of the world is known by most as globalization. The term ‘globalization’ has long been a buzzword of the last two decades in all kinds of fields not only in economic. This is not only because people claimed that it symbolizes the evolution of the world societies, but also the conflict between the pro-globalists

If searching on Google website and type the word "Globalization", just 0.22 second you will receive a substantial number of nearly 24 million results. This shows that "globalization" is a word being most mentioned in our world today. Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "economic integration through trade, migration, capital flows and communication" (Mann, 2005).Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "Economic integration through trade, migration, communication and Capital Flows"

“Globalization is not just one impact of the new technologies that are reshaping the economies of the third millennium” (Thurow 19-31). When speaking of globalization, most people will not have a complete understanding as of what it actually means or what aspects of the world it affects. Globalization promotes free trade and creates jobs. The capital markets attract investors, resort cheap labor, and leads to job losses in some areas of higher wage. While all of this is happening, the world economy is being effected: economically, culturally, socially, and politically.

Globalization has certainly been among the most widely used - and misused - keywords in disputes of recent years, and will most likely continue to be during the coming years as well. However, it is also one of the most rarely defined, the most nebulous and misunderstood, as well as the most politically effective.

Since the foundation of the principles of sustainable development, the interpretation and level of integration of sustainable principles have varied greatly on a global scale. As a result of the Bruntland Report’s (World Commission on Environment and Development, 1987) founding definition of sustainable development, there has been a drive towards the goal of a balance between the integration and policy frameworks of economic growth, social justice and environmental concern (Getzner, 1999; Connelly, 2007). However, the plethora of differing views on sustainability, and a global society fixated on economic growth, has created multiple approaches (Williams & Millington, 2004). The approaches vary in their effectiveness to address principles