These are some of the questions Boaventura de Sousa Santos aims to elucidate in a thorough and wide ranging essay. Arguing that our current globalisation is indeed something unparalleled in history, Santos discusses the unequal economic and political realities between North and South which globalisation enforces. Globalisation is to be understood as a non-linear process marked by contradictory yet parallel discourses and varying levels of intensity and speed. Even states however have to adopt as the supremacy of the nation state is eroded, giving way to new transnational alliances and the convergence of the judicial systems as the supreme regulator of a globalised economy.
About Us What Is Globalization? Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.
This process has effects on the environmenton cultureon political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Globalization is not new, though.
For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.
Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in Map of the Silk Road But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development.
In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment.
Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners.
A defining feature of globalization, therefore, is an international industrial and financial business structure. Technology has been the other principal driver of globalization. Advances in information technology, in particular, have dramatically transformed economic life.
Information technologies have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people.
Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization. To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies.
We welcome you to our website. To read this page in Spanish, click here.One of the transformations most frequently associated with the processes of globalisation is the compression of time and space, or, rather, the social process by which phenomena accelerate and are spread throughout the world (Harvey, ).
Globalization is a process of change.
It consists of the flow of a multitude of forces; the flow of capital, the flow of technology, the flow of information, the flow of people, . Globalization is the process of increased interconnectedness among countries most notably in the areas of economics, politics, and culture.
McDonald's in Japan, French films being played in Minneapolis, and the United Nations are all representations of globalization. Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.
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 . Globalization or globalisation is the process of interaction and integration between people, companies, and governments worldwide.
Globalization has grown due to advances in transportation and communication technology. With increased global interactions comes the growth of international trade, ideas, and culture.
Globalization is primarily an .