What Do You Understand by the Term Globalization

Explain the term globalization and what it means to you and this course. Discuss globalization's impact both domestically and internationally. (Answer this question in at least 4 sentences)

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

‘Explain the meaning of globalization and discuss critically, illustrating with examples, the impact globalization has had on a country, industry, or business of your choice.’

Globalization: The process of social, political, economic, cultural, and technological integration among countries around the world (Luthans & Doh, 2012).

The definition of globalization, the moving of people, their ideologies, and goods spread throughout the world. Globalization is spreading quickly and more people are being exposed to different cultures and social classes. The American-born poor is not adjusting to the globalization in the United States, the Mark Stroman’s in the United States are not accepting of the globalization and want everything to go back to only white America.

Globalization can be defined as the 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. Pewglobal.org states "For more than a decade, globalization has been a deeply divisive topic among social activists, intellectuals, business leaders, policy makers and politicians." Globalization is a force that has had a huge impact on how the U.S. economy is shaped today. Technology has played an essential role on the huge impact that it has had all over the world. It use to take

Globalization is a term that has become very popular in recent times. It is a concept with many differing definitions. Thomas L. Friedman, author of The Lexus and the Olive Tree, describes globalization as a movement that enables individuals, corporations, and countries to reach around the globe farther, faster, deeper and cheaper than ever before. Globalization is the spread of free market capitalism to virtually every country in the world. Countries are encouraged to allow free trade, privatization and competition. Basically, it involves worldwide integration of both economic and political ideals. Globalization is becoming more popular and more accessible mainly because of the recent advancements in technology. Many believe it to be a

Since the early 1990’s, the term globalization has become a bit of a buzzword, prevalent in the speech of policy makers, popular press, and academic journals. It is used frequently to describe the …. . Its consistent use has led many people to a certain understanding of it most basic meaning, but it is an immensely complex concept that can not be truly understood at the top layer of meaning which is prevalent among general society. There are multiple varying definitions for the globalization phenomenon.

Globalization is the process in which a world-wide circulation of goods, ideas, and people takes place. Historically, there were two periods of profound expansion, the 15th and 16th century and 20th and 21st century. In both cases, these eras of globalization were preceded by periods of enriched thinking, sharing, and scientific revolutions. The renaissance is a prime example of an era when ideas and knowledge flourished and spread throughout Europe. This newfound age of discovery resulted in global territorial and population alterations. The renaissance spurred the discoveries of land and resources and their subsequent importance in achieving objective of western supremacy. Consequently, a wave of innovation assembled new navigational techniques and stimulated the mass manufacture of ships. The first glimpse of globalization, was the driving forces of “serving God, the King and also to get rich” and the centers were Spain and Portugal followed by the Netherlands and England (Strayer pg.621). During the 15th century, empires expanded, commerce thrived and ideas were nourished. The Industrial Revolution took old and western nations began a new round of empire building in Asia and Africa, that global network tightened further, and its role as generator of social and cultural change only increased. (Of the 19th century spurred the technological advances of communication and transportation which disbanded the barriers of distance and time.) Moving into the 20th century,

Many individuals correlate the term globalization with the recent expansion of many United States based companies to overseas locations. Globalization has actually been occurring for many hundreds of years. Looking back to the first explorers, they can be defined as the ones who started the movement. The world has been witnessing a globalization process at least for the last four centuries (Ates, 2008). Globalization still remains to be a phenomenon which nobody can agree on a clear definition. It has been responded to as a movement from one country to the next, an expansion into a foreign region to reap the benefits of untapped resources, or merely a location which offers a broader range of individuals to fill the needs of a business. No matter how it is defined or labeled, globalization has been occurring since modes of transportation have been available. When Christopher Columbus embarked on his journey to the new world, he was in search of a new region which had been untapped by other explorers. Many early explorers were merely in search of

Globalization has a history going all the way back to the first movement of people outside of Africa into other parts of the world. Before researching the topic of globalization I had the assumption that it was a fairly new phenomenon, but after doing research it was extremely interesting learning about the origins dating all the way back. Globalization has many elements associated with the process. “Globalization can be considered a process: a lengthy and often times convoluted process in which movement in one direction or the other is estimated by porous boundaries, shifting alliances, and seemingly contradictory patterns. The major elements of globalization - the impact of trade agreements; the fetters on cross- border capital movements; the effects of migration patterns; the accessibility and transparency of information; and the spread of technology – ebb and flow from the vicissitudes of political, cultural, and economic conditions.” ("BERA: Issue 1 Globalization (Business Reference Services, Library of Congress)," n.d.).

Globalization is the act of physical, political, social and economic interaction of people across the world leading to an integrated system that is synchronized through common understanding (Scholte, 2000). The main area of concern is across border trade where business resources are shared beyond domestic markets to establish an interconnection with preferred foreign markets. There have been three forces that have continually increased the globalization phenomenon. They include transportation, technology and communication.

The term globalization is often used in the sense to refer to the growing integration of

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.

Whenever I heard about the term globalization the first thing that comes in my mind is gravity. In my humble opinion, the term globalization is just like gravity higher you go higher will be the gravity. Same is the case with the notion of globalization as much as you can discover new facts and figures more changes can be made. In this respect, from the current outlook of this modern world of affair, it would not be wrong to say that globalization has become the most significant part in the lives of human beings, as globalization has influenced nearly all facets of the contemporary world. Globalization has approached in almost every sphere of life, from a kinder garden school to the manufacturing to huge satellites, revolving around this earth. This is all because of the modern advances and transformation that have been made through the technological means and scientific revolutions.