Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.
”Although, historically, various forms of “globalisations” have been identified, we look mostly at  Contemporary globalisation: contemporary globalisation encompasses a host of interwoven processes, which include: the increasing transnational movement of capital, goods, and people; closer ties via new communications technologies; a rapid turnover of patterns of objects of consumption; a growing awareness of the risks and dangers that threaten the world as a whole”³

For a reading on Archaic Globalisation, click here.

”Depending on the focus of the discussion, globalization can be defined in several ways¹. One broad definition is: A complex web of social processes that intensify and expand worldwide economic, cultural, political and technological exchanges and connections. (Campbell, MacKinnon, & Stevens, 2011, p.4). Globalization ¹can also be simply described as the movement of goods, ideas, values, and people around the world. The term was first used in the early 1950s to recognize the increasing interdependence of economies and societies around the world. Globalization, however, has existed for centuries by way of evolving trade routes, including the slave trade, colonization, and immigration”

”The truth is, we live in and depend on a highly interconnected world made up of many distinct but related systems — environmental, social, economic, technical, political, cultural and so on. This global interconnectivity means that damaging one element may cause unexpected impacts elsewhere. The recent global financial crash and the aviation chaos caused by an Icelandic volcano demonstrate how sudden breakdowns in one area can affect whole systems. This interconnectivity is often referred to as ‘globalisation’ and it’s not a new phenomenon”²

”Many regard the interrelated global processes of globalisation and global economic governance as leading catalysts of change in the world economy (see Ohmae, 1995: 7; Held & McGrew). The economic doctrines and beliefs of multilateral institutions like the International Monetary Fund (IMF), the World Bank (WB) and the World Trade Organisation (WTO), all central pillars of contemporary global economic governance, are becoming ever more influential in the international environment (Varma, 2002: 1)”³

Further reading:
The World Is Not Global, It’s Local | Globalization: Myth and RealityGlobalisation and global economic governanceThe Debate on Globalization, Poverty, and Inequality : Why Measurement MattersGlobalisation. Myth or Reality?Robots and carbon targets may signal the end of globalisation | The Globalisation DebateGlobalisation: Meaning, Arguments for and Against | Crossing Borders: The Globalization Debate |

 

 

 

 

Sources:

1.https://opentextbc.ca/introtourism/chapter/chapter-14-back-to-the-big-picture-globalization-and-trends/ 

2. https://www.eea.europa.eu/signals/signals-2011/articles/complex-challenges-in-an-interconnected-world

3.Van Niekerk, A. (2014). Globalisation and global economic governance: Contextualising the interpretations and the debate. A review of literature. South African Journal of Economic and Management Sciences, 10(4), 544-557. doi:https://doi.org/10.4102/sajems.v10i4.1065

 

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