On the meaning of globalization

The term describes the phase of increasing trade links and cultural exchange that characterized the period immediately preceding the advent of high "modern globalization" in the late 19th century. During the early 19th century the United Kingdom was a global superpower.

Find me in the social networks Related Posts: The collapse of the Soviet Union not only ended the Cold War's division of the world- it also left the United States its sole policeman and an unfettered advocate of free market.

Innovations in transportation technology reduced trade costs substantially. Industrialization allowed standardized production of household items using economies of scale while rapid population growth created sustained demand for commodities. Technology is a major contributor to globalization.

It shows that the depth of global integration fell by about one-tenth afterbut by had recovered well above its pre-crash peak.

Globalization

Further, globalization also means that countries liberalize their visa rules and procedures so as to permit the free flow of people from country to country. This type of interdependence has had great meaning for athletes and hence personal sports brands Carter and Rovell, ; Gladden and Milne, ; Boone et al.

Hopkins and Christopher Bayly. Exports nearly doubled from 8.

globalization

Encyclopedia article about globalization Seen and Heard What made you want to look up globalization. Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Translation of globalization for Arabic speakers Britannica.

But, according the author of this article, Friedman fails to recognize that corporations and powerful institutions are steering globalization, building "walls" of property and class all over the world.

Sociology Economic globalization provides one powerful example that will concern us throughout this book. In the 19th century, steamships reduced the cost of international transport significantly and railroads made inland transportation cheaper. Translation of globalization for Spanish speakers Britannica English: Outsourcing by companies brings jobs and technology to developing countries.

The transfer of animal stocks, plant crops, and epidemic diseases associated with Alfred W. This term is used to describe the relationships between communities and states and how they were created by the geographical spread of ideas and social norms at both local and regional levels.

There are other world bodies like the UN and several arbitration bodies where countries agree in principle to observe the policies of free trade and non-discriminatory trade policies when they open up their economies. Conversely, the latter country can then export the goods that it produces in an efficient manner to the former country which might be deficient in the same.

Maize, tomato, potato, vanillarubber, cacaotobacco Trade on the Silk Road was a significant factor in the development of civilizations from China, Indian subcontinentPersiaEurope, and Arabiaopening long-distance political and economic interactions between them.

This slowed down from the s onward due to the World Wars and the Cold War[47] but picked up again in the s and s. Proto-globalization " Early modern -" or "proto-globalization" covers a period of the history of globalization roughly spanning the years between and Modern[ edit ] According to economic historians Kevin H.

Globalization is the key to growing businesses in the 21st Century. What is undeniable is that globalization is here to stay and hence it is better for the countries in the global economy to embrace the concept and live with it.

There are other world bodies like the UN and several arbitration bodies where countries agree in principle to observe the policies of free trade and non-discriminatory trade policies when they open up their economies.

The ‘Jordan Impact’

Exports nearly doubled from 8. Before we launch into a full-fledged review of the term and its various manifestations, it is important to consider what exactly we mean when we say globalization. This slowed down from the s onward due to the World Wars and the Cold War[47] but picked up again in the s and s.

Further, globalization can also mean that countries liberalize their import protocols and welcome foreign investment into sectors that are the mainstays of its economy. Fans, Sport and Culture, Routledge, Oxon. Gatorade, Hanes, 2K Sports, Nike etc. This archaic globalization existed during the Hellenistic Agewhen commercialized urban centers enveloped the axis of Greek culture that reached from India to Spainincluding Alexandria and the other Alexandrine cities.

The interactions of states were not on a global scale and most often were confined to Asia, North Africathe Middle Eastand certain parts of Europe. Between and the number of students studying in a foreign country increased 9 times. In addition to economic trade, the Silk Road served as a means of carrying out cultural trade among the civilizations along its network.

However, in each of these fences, she sees "windows," or individuals with a "natural resistance to enclosure," who challenge globalization's current form.

In other words, when countries that were hitherto closed to trade and foreign investment open up their economies and go global, the result is an increasing interconnectedness and integration of the economies of the world. Globalization is the free movement of goods, services and people across the world.

In this article we discuss the meaning and importance of globalization. Globalization definition is - 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.

Alter-globalization (also known as alternative globalization or alter-mundialization—from the French alter-mondialisation—and overlapping with the global justice movement) is the name of a social movement whose proponents support global cooperation and interaction, but oppose what they describe as the negative effects of economic globalization.

What is Globalization ? - Meaning and its Importance

“There are many examples of personal sports brands on a global scale, e.g. US basketball star Michael Jordan, who ‘made clear how closely athletic success is associated with the sales of sports products, especially the brand of Nike. The End of Jobs: Money, Meaning and Freedom Without the 9-to-5 - Kindle edition by Taylor Pearson.

Download it once and read it on your Kindle device, PC, phones or tablets. Use features like bookmarks, note taking and highlighting while reading The End of Jobs: Money, Meaning and Freedom Without the 9.

Definition of 'globalization'

Globalization is the free movement of goods, services and people across the world in a seamless and integrated manner. Globalization can be thought of to be the result of the opening up of the global economy and the concomitant increase in trade between nations.

On the meaning of globalization
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Globalization | Definition of Globalization by Merriam-Webster