Concepts of Globalization

CONCEPTS OF GLOBALIZATION
Globalization means the speedup of movements and exchanges (of human beings,
goods, and services, capital, technologies, or cultural practices) all over the planet. One of the
effects of globalization is that it promotes and increases interactions between different regions
and populations around the globe.
An Official Definition of Globalization by the World Health Organization (WHO)
According to WHO, globalization can be defined as” the increased interconnectedness

and interdependence of peoples and countries. It is generally understood to include two inter-
related elements: the opening of international borders to increasingly fast flows of goods,
services, finance, people and ideas; and the changes in institutions and policies at national and
international levels that facilitate or promote such flows.”
Definition of Globalization from Scholars

 Schottle (1995)
“globalization stands for quite a large public spread across the world as one of
the defining terms of the 20th century social consciousness”
 Rosenau
“Globalization is not the same as globalism, which points our aspirations for an
end state of affairs wherein values are shared by pertinent to all the world’s five
billion people, their environment, their role as citizens, consumers and
producers with an interest in collective action designed to solve common
problems. Nor it is universalism-values that embrace all humanity.
 McGrew (1990)
“globalization is described that is comprised of multiple sameness and
interconnectedness that go beyond the nation-states. It is a process in which
individuals and organizations in one part of the world are affected by the
activities, affairs and convictions on another part of the globe.”
 Cerny (1997)
“defines it as a cluster of economic and political frameworks and procedures
deriving from the changing marks of the interest and assets that comprise
foundation of the international political economy-specifically, the expanding
structural differences of those interest and assets.”
 Freeden (2003)
“posits that globalization denotes a range of processes nesting under one rather
unwieldly epithet.
 Steger (2005 & 2014)
“the term globalization should be limited to a set of intricate social processes
that modify prevailing social statuses based on the modern regime of self-
dependent nation-states. “
Examples of Globalization
Because of trade developments and financial exchanges, we often think of globalization

as an economic and financial phenomenon. Nonetheless, it includes a much wider field than
just flowing of goods, services, or capital. Some examples of globalization are:
 Economic globalization: is the development of trade systems within transnational actors

such as corporations or NGOs.
 Financial globalization: can be linked with the rise of a global financial system with
international financial exchanges and monetary exchanges. Stock markets, for instance,
are a great example of the financially connected global world since when one stock
market has a decline, it affects other markets negatively as well as the economy.
 Cultural globalization: refers to the interpenetration of cultures which, as a
consequence, means nations adopt principles, beliefs, and costumes of other nations,
losing their unique culture to a unique, globalized supra-culture;
 Political globalization: the development and growing influence of international
organizations such as the UN or WHO means governmental action takes place at an
international level. There are other bodies operating a global level such as NGOs
like Doctors without borders or Oxfam;
 Sociological globalization: information moves almost in real-time, together with the
interconnection and interdependence of events and their consequences. People move
all the time too, mixing and integrating different societies.
 Technological globalization: the phenomenon by which millions of people are
interconnected thanks to the power of the digital world via platforms such as Facebook,
Instagram, Skype or YouTube.
 Geographic globalization: is the new organization and hierarchy of different regions of
the world that is constantly changing. Moreover, with transportation and flying made so
easy and affordable, apart from a few countries with demanding visas, it is possible to
travel the world without barely any restrictions.
 Ecological globalization: accounts for the idea of considering planet Earth as a single
global entity – a common good all societies should protect since the weather affects
everyone and we are all protected by the same atmosphere. To this regard, it is often
said that the poorest countries that have been polluting the least will suffer the most
from climate change.
The Benefits of Globalization

Globalization has benefits that cover many different areas. It reciprocally developed
economies all over the world and increased cultural exchanges. It also allowed financial
exchanges between companies, changing the paradigm of work. Many people are nowadays
citizens of the world. The origin of goods became secondary and geographic distance is no
longer a barrier for many services to happen. Let’s dig deeper.

Concepts of Globalization

Uploaded by

Copyright:

Available Formats

Concepts of Globalization

Uploaded by

Document Information

Original Description:

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

Concepts of Globalization

Uploaded by

Copyright:

Available Formats

CONCEPTS OF GLOBALIZATION

An Official Definition of Globalization by the World Health Organization (WHO)

According to WHO, globalization can be defined as” the increased interconnectedness

Definition of Globalization from Scholars

Because of trade developments and financial exchanges, we often think of globalization

 Economic globalization: is the development of trade systems within transnational actors

The Benefits of Globalization

You might also like