This term was coined by David Harvey in “The Condition of Postmodernity” and refers to the main 21st century globalization characteristic: the acceleration of economic activities which leads in turn to the destruction of spatial distances and time barriers. Onlinedatei vom 11.01.2016 22:28 In general, the speed of social life has greatly increased while distances instead have been compressed thanks to inventions like the Internet which has put the whole world in contact, “on- line”. Regarding the present new wave of globalization, my research interests focus on how globalization has both facilitated and hindered migration flows and at the same time affected labor standards. Migration patterns and labor standards have become intertwined in the global world and are linked to important questions tied directly to human rights and social justice. Global studies are more important than ever since there has been, for example, a strong migrant flow from the “Global South” towards the “Global North” as well as a continuous increase in “South to South” migrant
It is a new global world, post-industrial, with fast communication system that enable to reach to the masses. Thomas and Walse (1998, cited in Barnard, 2007) suggest that the main characteristics of post- modernity are globalisation, consumption and challenging and breaking old traditions, beliefs and values. The authors report that Instead of the old traditions, it is a world of diversity and
‘Globalization is the emergence of a complex web of interconnectedness’ (Heywood, 2011), a central feature of Globalization is determining that there is a decline in the importance of geographical limits and territorial borders. The concept of a borderless economy, widespread integration of different cultures, religions, ethnicity and nationality around the world is contributing to the idea of a Global Society, which, in turn, brings us to the question of globalization being inevitable or irreversible. Globalization can be studied through three different aspects: Political, economical and cultural. It is important to realize that globalization is not a new phenomenon; it is a concept that has been around for many centuries. The Silk Route at one time joined the East and West which allowed trade relationships to prosper.
What do the concepts of globalization in the 20th and 21st century have in common? The simplest globalization concept of the last centuries is associated with the rise of international integration of human, economic, social, political and environmental processes. But if we want go a step forward, we can affirm that globalization has become an integration phenomenon that directly affects our lives and
Essay for Master of Global Studies: How does 21st century globalization differ from 20th century globalization? Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well- being in societies around the world. The purpose of this essay is not to analyze any of these specific dimensions during the globalization shift from the 20th to 21st centuries. This essay, instead, focuses on how the interconnectedness of these dimensions drives the worldwide effects between the 20th and 21st centuries.
This paper could be basically composed of three parts: first of all, providing the basic concepts of culture and globalization and how they interrelated to each other; secondly, analyze the positive as well as the negative influence of globalization of culture. Thirdly, explaining globalization from the main international relations theories perspectives, namely realism, liberalism and Marxism. Key words: Culture; Globalization; International Relations Culture and Globalization British scholar John Tomlinson has explicitly offered in his book Globalization and Culture that: “Globalization lies at the heart of modern culture; cultural practices lie at the heart of globalization” (Tomlinson, 1999). In his view, globalization and culture have had a reciprocal relationship that is intrinsically to each other. With the background of globalization, different cultures flow in various ways around the world.
According to Gooderham, Grøgaard & Nordhaug (2013), the dominant understanding of why MNCs exist, is labeled ‘internalization theory». This is based on transaction cost theory and John H. Dunning explains this further by his eclectic paradigm theory (1993) also known as the OLI-framework, which proposes that firms will seek operational control of assets abroad, that engage in foreign direct investment (FDI), when three conditions are met , ownership, location and internalization. The first one (O) is ownership advantages, which revolves around whether the firm has superior advantages like for instance production techniques, entrepreneurial skills, trademark or return to scale. In the case of Über, we can identify a strong competitive
A Critical Review of Peng and Pleggenkuhle-Miles (2009) four main debates and whether the approach fully captures the complexity of the influences of globalization on global strategy Introduction The debate on globalization and how Multinational Companies (MNCs) interact with the new phenomenon has been ongoing for decades (Bhagwati, 2004; Brown, 1999). What, however, has become a consistent converging argument among scholars is that the aspect of globalization is both multidisciplinary and a phenomenon that is significantly influential in the business world and thus cannot be generally gainsaid. Further, the impact of globalization has been felt in how businesses operate and strategize both in its intensive and extensive sense. Consequently,
It focusses on the three dimensions of globalisation that is political, economic and cultural as noted by Held, D. & McGrew, A(2002). POLITICAL GLOBALISATION ‘The political dimension of globalisation’ shifts the process of decision making from state oriented to international organisations. In other words it signals the end of a nation’s sovereignty. Sovereignty is a fundamental aspect of the nation-states according to Scholte (2000:133). A state can only be sovereign if it exercises full dominion and authority over its territory but then globalisation is slowly creating a web of interconnectedness, shaping people’s lives through decisions made relatively miles of distances away from them ( Global Sociology, 2015 ) Political globalisation is
Global Markets – it’s a place where markets around the world mergeand become one huge center (Hill, 2009). With the developments of worldwide markets change the financial exercises of trade of products and trusts. Evacuation of Cross-Border Trades hindrances has made establishment of Global Markets more practical. 2. International Institution – institution such as United Nations organisations, World Trade organisation support world powers that basically dictate the entire world, regulate relations between different countries based on criminal justice human or political factors(IMF,2005). Main objective of WTO is to organise, enrol different economies around the world.