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Effect of Globalization. According to JH Mittelman, "globalization means a
historical transformation in economy and cultural diversity. ...
globalization. Globalization ... Alternate definitions of globalization have
slants related to the group or industry defining it. For ...
Globalization. ... Globalization Since the 1970's the different markets of the world
have been reaching across thousands of miles in order to trade with each other. ...
Globalization Questionairre. The purpose of this paper is to discuss globalization. ...
Additionally, globalization is not only exclusive to products and services. ...
What is Globalization? Globalization ... It should not be narrowly confused with
economic globalization, which is only one aspect. While ...
Submitted by i'm-addy on July 25, 2007
Category: Business
Words: 316 | Pages: 2
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Globalization
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Globalization can be defined in 5 ways:
i. Globalization as internationalization. Here globalization is defined as cross-border relations between countries'. It describes the growth in international exchange and interdependence. With growing flows of trade and capital investment there is the possibility of moving beyond an inter-national economy, distinct national economies are subsumed and rearticulated into the system by international processes and transactions (Hirst and Peters 1996)
ii. Globalization as liberalization. Globalization refers to 'a process of removing government-imposed restrictions on movements between countries in order to create an "open", "borderless" world economy' (Scholte 2000)
iii. Globalization as universalization. In this use, 'global' is used in the sense of being 'worldwide' and 'globalization' is 'the process of spreading various objects and experiences to people at all corners of the earth'. A classic example of this would be the spread of computing, television etc.
iv. Globalization as westernization or modernization. Here 'globalization' is understood as a dynamic, 'whereby the social structures of modernity (capitalism, rationalism, industrialism, bureaucratism, etc.) are spread the world over, normally destroying pre-existent cultures and local self-determination in the process.
v. Globalization as deterritorialization (or as the spread of supraterritoriality). Here 'globalization' entails a 'reconfiguration of geography, so that social space is no longer wholly mapped in terms of territorial places, territorial distances and territorial borders. David Held et al (1999) define globalization as a ' process which embodies a transformation in the spatial organization of social relations and transactions - assessed in terms of their extensity, intensity, velocity and impact - generating transcontinental or inter-regional flows and networks of activity'.
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