Study Set Content:
on is the process of interaction and integration among people, companies, and governments worldwide.
Globalization
As a complex and multifaceted phenomenon, globalization is considered by some as a form of () expansion which entails the integration of local and national economies into a global, unregulated market economy.
capitalist
Though many scholars place the origins of globalization in modern times, others trace its history to long before the() and voyages to the New World, and some even to the ()
European Age of Discovery , third millennium BC.
The term first appeared in the early
20th century,
developed its current meaning sometime in the () of the 20th century,
second half
came into popular use in the
1990s.
Large-scale globalization began in the
1820s,
in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's
economies and cultures.
TYPES of globalization
Political Globalization
• Cultural Globalization
• Economic Globalization
is the increasing economic interdependence of national economies across the world through a rapid increase in cross-border movement of goods, services, technology, and capital.
Economic globalization
the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world market.
Economic globalization i
refers to the transmission of ideas, meanings, and values around the world in such a way as to extend and intensify social relations.
Cultural globalization
This process is marked by the common consumption of cultures that have been diffused by the Internet, popular culture media, and international travel.
Cultural globalization
involves the formation of shared norms and knowledge with which people associate their individual and collective cultural identities.
Cultural globalization
It brings increasing interconnectedness among different populations and cultures.
It brings increasing interconnectedness among different populations and cultures.
refers to the growth of the worldwide political system, both in size and complexity.
Political globalization
That system includes national governments, their () of global civil society such as international non-governmental organizations and social movement organizations.
national governments, their governmental and intergovernmental organizations as well as government independent elements
One of the key aspects of the political globalization is the declining importance of the () and the rise of other actors on the political scene. William R. Thompson h
nation-state
has defined it as "the expansion of a global political system, and its institutions, in which inter-regional transactions (including, but certainly not limited to trade) are managed".
William R. Thompson
n is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and cultural globalization.
Political globalization
