• How Does 21st Century Globalization Differ From 20th Century Globalization?

“How does 21st century globalization differ from 20th century globalization?”

Globalization is a historical phenomenon, which has been taking place since humans began to trade ideas and goods. However, the advent of modernity and the incessant human strides in the field of technology onset an inexorable process of globalization in the 20th century, which was built upon in the 21st century as well (Haugen and Mach, 2010). The process of decolonization and the ensuing of the two Great Wars, in the 20th century, altered the course of the global development in a plethora of ways. Furthermore, though globalization was taking place quite considerably in the 20th century, however the pace of globalization was given a significant fillip because of

Initially, television was an expensive commodity and the masses could not afford it, however with the rise of Japan and later Vietnam as quality producers of the television the masses in the third world countries were able to procure them with relative ease. Due to the mushrooming of media channels and avenues of entertainment, the media industry grew in its importance and volume that gave a huge impetus to the social and economic import of this industry (Haugen and Mach, 2010). This development gave rise to the globalization of certain brands such as PEPSI, COCA COLA, McDonalds, KFC, Pizza Hut and so forth (Haugen and Mach, 2010). Consequently, the Mcdonaldization of myriad societies took place and the Western culture was spread across the globe. Moreover, television gave exposure to people regarding their legal rights, civic duties and educated them regarding a number of subjects. On the other hand, the globalization in the 21st century assumed huge proportions because of the dotcom revolution that shook the entire global structures. The advent of Internet and the modern forms of communications equipped people with immense information and the flow of ideas was universalized (Haugen and Mach, 2010). This development gave rise to the idea that the planet had now become a unified global community because of the ease of access and relentless flow of information and communication between the citizens of different

These new drivers of the global economy include mammoth economic powers such as Japan, China, Brazil, India and so forth (Poniščiaková, 2015). This development has shifted the pendulum from the global North to the global South as the new avenues of growth and potential. In addition to this, the growing state coordination and planning of resources by the central governments have countered the ideals of unbridled capitalism. Since Marxism is no longer a threat to the Western capitalist states, the conception of having perennial global pariahs has also dwindled (Poniščiaková, 2015). Former Marxist states have come into the fold of global economic and political apparatus and have ushered in a plethora of structural changes that have pushed them towards relatively free market economies and democratic forms of government (Poniščiaková, 2015). In addition to this, another upshot of these global developments is that pluralism and international development