The concept of globalization

Let me nonetheless outline briefly what I understand by the term. I shall then go on to consider what has caused it.

The concept of globalization

In the post-World War II environment, fostered by international economic institutions and rebuilding programs, international trade and investment dramatically expanded. By the s, the effects of the flow of trade and investment became increasingly visible, both in terms of the benefits and the disruptive effects.

As with all human endeavors, globalization processes are strongly affected by the values and motivation of the people involved in the process.

In theory, globalization should benefit all people because it can produce greater overall economic value. Achieving an equitable distribution of the added value, however, would require the people who dominate the market to embody the virtue of sacrificing themselves to serve the higher purpose of the good of all.

However, the legacy of colonialismwhich causes a lingering arrogance among the powers in the Group of Eight and creates suspicion in the developing world, means that for many people, globalization is feared and resisted as a negative.

Corporatist culture is seen as trampling upon local values and local economies.

One index of globalization is the KOF Index of Globalization, which measures three important dimensions of globalization: economic, social, and political. Another is the A.T. Kearney / Foreign Policy Magazine Globalization Index. Economic Globalization: Trends, Risks and Risk Prevention Gao Shangquan Economic globalization is an Irreversible Trend Economic globalization refers to the increasing interdependence of world. The Concept of Globalisation. Globalisation refers to the process of the intensification of economic, political, social and cultural relations across international boundaries.

The Western, secular value system of the major economic actors is seen as a neo-colonial affront to people with non-Western religious and cultural values.

Thus, resistance to globalization is growing in many places, manifesting in the early twenty-first century with rise of Islamic terrorism.

To be successful, the leaders of the globalization process need to practice the virtues of respect for religious and cultural values, and sacrifice their economic self-interest for the benefit of people suffering poverty and want.

It is a challenge whose resolution requires world leaders to pay heed to the religious and cultural dimensions of life and to develop a global world view that lifts up the shared values of all cultures. Globalization has both technical and political meanings. As such, different groups will have different histories of "globalization.

The term "liberalization" came to mean the combination of laissez-faire economic theory with the removal of barriers to the movement of goods. This led to the increasing specialization of nations in exports, and the pressure to end protective tariffs and other barriers to trade.

There were several eras of intense cross-cultural encounters in pre-modern times pre C. The first important era to mention here is the time of the Roman and Han empires. This is the era of the ancient silk-road, roughly B. The consolidation of large imperial states pacified enough of Eurasia that trading networks could safely link the extreme ends of the landmass.

Nomadic peoples played an especially prominent role in the economy of the silk roads, since they both consumed the finished products of settled lands and transported them to other customers.

So long as the silk roads remained active, they facilitated not only the exchange of trade goods but also the communication of cultural and religious traditions throughout much of the Eastern Hemisphere.

This era came to an end with the collapse of the Roman and Han empires, which had anchored and sustained much of the interregional commerce in goods and ideas, and with the outbreak of devastating epidemic diseases that disrupted societies and economies throughout Eurasia.

Beginning about the sixth century, however, a revival of long-distance trade underwrote a second round of intense cross-cultural encounters.Global Culture: Nationalism, Globalization and Modernity: A Theory Culture and Society Special Issue [Mike Featherstone] on *FREE* shipping on qualifying offers.

The concept of globalization

In this book leading social scientists from many countries analyze the extent to which we are seeing a globalization of culture. Is a unified world culture . Globalization: Concept and Concerns Writing for The Hindu, India’s national newspaper, C. Rangarajan outlines the concept of economic globalization and its problems.

One of the concerns of the current period of globalization is its connection to unequal distribution of wealth within and between countries. Mar 02,  · The main concepts of globalization is "poverty," "justice," "democracy," or "mother," globalization is a word that shelters many overlapping and closely linked concepts, each of which may be quite useful and can fairly readily be defined by a simple Resolved.

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By AGO Mutambara Re-Globalization involves the reform, upgrading, expansion and transformation of Globalization to make it more inclusive and balanced. The objective is to restore legitimacy. Three Concepts of Globalization Jens Bartelson University of Stockholm abstract: This article is a brief inquiry into the meaning and function of the concept of globalization within the .

Oct 22,  · Edit Article How to Understand the Concept of Globalization. In this Article: Article Summary Understanding the Definitions Considering the Causes of Globalization Knowing the Impacts of Globalization Seeing Globalization in Your Life Community Q&A Globalization has been invoked to explain everything from call-centers in India, to rising income inequality in the United States, to the 86%(49).

Globalization - Wikipedia