Globalization

Extracted Attributes

• Definition

  Process of increasing interdependence and integration among economies, markets, societies, and cultures worldwide

• Key Catalysts

  Trade liberalization, information and communication technology revolutions, transportation infrastructure development, capital movement liberalization

• Counter-strategy

  Re-industrialization and domestic labor protections

• Major Criticisms

  Ethnocentrism, environmental damage, societal disruption, loss of local economic and cultural autonomy

• Primary Dimensions

  Economic globalization, cultural globalization, political globalization

Timeline

• Large-scale globalization begins, driving expansion in global economic and cultural connectivity following the Industrial Revolution. (Source: Wikipedia)

  1820-01-01

• The term globalization first appears in academic and public discourse in the early 20th century. (Source: Wikipedia)

  1900-01-01

• The term enters popular use following the end of the Cold War, marking a rapid acceleration in trade liberalization and ICT innovation spanning 1990 to 2010. (Source: Wikipedia)

  1990-01-01

• Conclusion of two decades of intense post-Cold War globalization characterized by extensive manufacturing offshoring to emerging markets. (Source: Wikipedia)

  2010-01-01

Globalization

Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. It can be attributed to a series of factors, including the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation infrastructure, and the advancement of information and communication technologies. The term globalization first appeared in the early 20th century, but came into popular use in the 1990s to describe the growing international connectivity of the post–Cold War world. Large-scale globalization began in the 1820s, and in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's economies and cultures. The origins of globalization can be traced back to the 18th and 19th centuries, a period marked by significant advancements in transportation and communication technologies following the Industrial Revolution. These developments increased global interactions, supporting the growth of international trade and the exchange of ideas, beliefs, and cultures. Between 1990 and 2010, globalization progressed rapidly, driven by the information and communication technology revolution that lowered communication costs, along with trade liberalization and the shift of manufacturing operations to emerging economies (particularly China). Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization. Proponents of globalization point to economic growth and broader societal development as benefits, while opponents claim globalizing processes are detrimental to social well-being due to ethnocentrism, environmental consequences, and other potential drawbacks.

Web Search Results

• Globalization

  Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. Globalization also captures in its scope the economic and social changes that have come about as a result. It may be pictured as the threads of an immense spider web formed over millennia, with the number and reach of these threads increasing over time. People, money, material goods, ideas, and even disease and devastation have traveled these silken strands, and have done so in greater numbers and with greater speed than ever in the present age. [...] ## ENCYCLOPEDIC ENTRY ## ENCYCLOPEDIC ENTRY # Globalization # Globalization Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies. ### Grades 5 - 8 ### Subjects Anthropology, Sociology, Social Studies, Civics, Economics Image ##### Freight Trains Freight trains waiting to be loaded with cargo to transport around the United Kingdom. This cargo comes from around the world and contains all kinds of goods and products. Freight trains waiting to be loaded with cargo to transport around the United Kingdom. This cargo comes from around the world and contains all kinds of goods and products.

• Globalization: Societal Implications | Social Sciences and Humanities | Research Starters | EBSCOhost

  Globalization is a process of increasing contact and assimilation between the cultures, business enterprises, economies, and governing bodies of countries throughout the world. This process is fueled by both international trade and information technology and has profound and lasting effects on the autonomy of unique societies, economies, principles of government, and human rights protections of all nations ("What Is Globalization?," 2008). Globalization facilitates the gradual economic integration of many formerly separate national economies into one global economy through free trade, the movement of capital and investments by multinational companies, and the migration of people from one nation to another. This process creates increasing interdependence among governments and corporations. [...] RESEARCH STARTER # Globalization: Societal Implications Globalization refers to the process of increasing interaction and integration among countries, cultures, economies, and political systems, often driven by advancements in technology and international trade. This phenomenon has significant societal implications, influencing various aspects of life globally, including technology, culture, politics, and economics. [...] ### Future of Globalization Globalization means a historical transformation, with profound implications for power relations and the ability of local communities to compete in larger economies. Globalization is, in a sense, a coin with two sides. On the one side, the processes of globalization promote advancements in productivity, technology, the availability of consumer products, and the exchange of valuable information that can lead to political opposition to oppressive governmental regimes. On the other side, these same forces can result in a loss of economic, political, and cultural autonomy, especially in the developing world (Mittelman, 2000).

• What Is Globalization?

  Globalization describes the growing interdependence of the world’s economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries. The term gained popularity after the Cold War in the early 1990s, as these cooperative arrangements shaped modern everyday life. This guide focuses on international trade and investment flows with emphasis on advanced economies, especially the United States. [...] The wide-ranging effects of globalization are complex and controversial. As with major technological advances, globalization has delivered benefits to the world’s societies but has been the target of criticism for allegedly harming certain groups and aggravating inflation, supply chain disruptions, trade disputes, and national security concerns. Understanding the relative costs and benefits can pave the way for alleviating problems while sustaining the wider payoffs. Today, in spite of many widely shared concerns, Americans continue to rely on the global economy for many of the things they buy and sell, and for outlets to expand their businesses and make investments. Coordinated production across countries has made many products and services more affordable for the average American.

• Globalization - Wikipedia

  Globalization is a diverse phenomenon that relates to a multilateral political world and to the increase of cultural objects and markets between countries. The Indian experience particularly reveals the plurality of the impact of cultural globalization. Transculturalism is defined as "seeing oneself in the other". Transcultural is in turn described as "extending through all human cultures" or "involving, encompassing, or combining elements of more than one culture". Children brought up in transcultural backgrounds are sometimes called third-culture kids. ## Political globalization [...] Between 1990 and 2010, globalization progressed rapidly, driven by the information and communication technology revolution that lowered communication costs, along with trade liberalization and the shift of manufacturing operations to emerging economies (particularly China). Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization. Proponents of globalization point to economic growth and broader societal development as benefits, while opponents claim globalizing processes are detrimental to social well-being due to ethnocentrism, environmental consequences, and other potential drawbacks. | | [...] The term globalization implies transformation. Cultural practices including traditional music can be lost or turned into a fusion of traditions. Globalization can trigger a state of emergency for the preservation of musical heritage. Archivists may attempt to collect, record, or transcribe repertoires before melodies are assimilated or modified, while local musicians may struggle for authenticity and to preserve local musical traditions. Globalization can lead performers to discard traditional instruments. Fusion genres can become interesting fields of analysis.

• Globalization | Definition, Effects & Examples - Lesson | Study.com

  Globalization is the process by which all the peoples of the world have become interconnected. It involves world politics, economics, and culture. It has greatly increased the standard of living of people all over the globe. This means that the level of wealth, comfort, material goods, and necessities of people in various countries has risen. Additionally, it has been beneficial to many multinational corporations. One of the reasons for this is it has allowed them to increase the product life cycles of many goods that they produce. In other words, once one of their products becomes unpopular in one country, the company can later market the same product in another part of the world. Corporations also benefit from globalization by gaining access to lower labor costs in developing nations. [...] While flipping through your TV channels you may stop at the various business channels, and in your brief stop at that channel you may view a panel discussing globalization in the marketplace. Even in the news, there is always a story that discusses the economic ramifications of globalization. Globalization is defined in a variety of ways depending on the circumstances. In general it refers to the opening of local and nationalistic perspectives to a broader outlook of an interconnected and inter-dependent world with the free flow of capital, goods, and services across national frontiers. This can be interpreted as meaning the integration of world politics, economies and cultures from one country or countries upon another country or countries. This integration also includes and is not [...] ## What is Globalization What is globalization? The World Health Organization defines globalization as "the increased interconnectedness and interdependence of peoples and countries." In other words, it is the process by which the cultures, economies, and political events in the world's many countries have become dependent on one another. The World Trade Center in New York City Image 49: Wiki Commons To unlock this lesson you must be a Study.com memberCreate an account ## History of Globalization

• Instance Of

  Q5633421