ipl-logo

An Explanation Of The Word Globalization

1864 Words8 Pages

Setting hypothesis
• Globalization, as a historical process of transforming the world into a single system with common characteristics, erases cultural differences between nations and peoples of the world.
• The process of depersonalization; accommodation in a single integrated society with standardized social and cultural patterns of behavior threatens programming people on the same eating habits, music, movies, regardless of the country of residence.
Definition of “Globalization”
According to Oxford Dictionary the term “Globalization” is the process by which businesses or other organizations develop international influence or start operating on an international scale. (Online Oxford Dictionary. Retrieved from http://www.oxforddictionaries.com/definition/english/globalization )
This definition of the word is closely related to the economic meaning of the term.
The social meaning of the word globalization is a situation in which available goods and services, or social and cultural influences, gradually become similar in all parts of the world. (Cambridge Dictionary Online. Retrieved from http://dictionary.cambridge.org/dictionary/british/globalization )
Combing this two interpretations of the word, it is possible to conclude that globalization is a process of unification or convergence of economic, social and cultural norms in countries where before economic and society had a pronounced national traits.
Globalization is the stage in the evolution of the world, and as it

Show More
Related

  • Macy's Comprehensive Analysis

    1077 Words  | 5 Pages

    Comprehensive Analysis Liquidity Liquidity is defined as the ability to convert assets quickly into to cash (Liquidity, 2014). A good standing liquidity is good for companies as well as investors and lenders to the company. For the company it’s a great indication as to whether it will meet short term maturing obligations or not. For creditors and investors, a good standing liquidity portrays the ability of how quick a company can pay off debts. Current Ratio (Current assets ÷ Current liabilities)

    Read More

  • Analysis Of Cocktail Party Economics

    757 Words  | 4 Pages

    The world of economics has many different concepts that help to explain why we produce and purchase any good that is available to produce or, in contrast, why we don’t produce some goods. One of these concepts are that of supply and demand, to a person who is uneducated in the world of economics these concepts can seem like and easy thing to grasp, however there are so many factors that go into supply and demand that it can be very easy to lose yourself when trying to understand what seemed like a simple concept. I will be trying to clarify these concepts through the use of the book “Cocktail Party Economics” written by Eveline Adomait and Richard Maranta and applying it to the news article “Demand for pre-k is increasing, supply must catch

    Read More

  • Summary Of Broken Windows Theory

    553 Words  | 3 Pages

    One’s behavior and thought can be changed by the environment that surrounds him or her, and in a good environment, people will gradually improve, but in a harsh environment, people will be influenced negatively. Gladwell introduces the Broken Windows Theory in his essay; he explains how broken windows will have a bad impression on one’s thought, which will end up more cracking windows. Gladwell explains “The criminal is actually someone acutely sensitive to his environment, who is alert to all kinds of cues, and who is promoted to commit crimes based on his perception of the world around him” (P156) According to Gladwell, a person’s character does not stay the same at all time. The surroundings are more influential and powerful regarding to

    Read More

  • How Does Globalization Affect Canada

    1639 Words  | 7 Pages

    Globalization is a many-faceted process which has benefits and repercussions in many areas. It has led to great developments through exchanges of ideas and technologies and has also caused deep conflicts within and among nations in different ways. While often conflicts arise economically, politically, or in the realm of intellectual rights, these are easier to understand and resolve than the varied and nuanced conflicts that arise between Globalization and Culture. Due to a long history of such conflicts, sometimes groups or governments take it upon themselves to initiate preventative measures in order to reduce the risk of damage or loss of cultural identity. One specific example of this preventative action began almost 100 years ago as Canada started issuing a tax on foreign produced magazines in the

    Read More

  • Tobacco And The Columbian Exchange

    1708 Words  | 7 Pages

    Globalization is the process by which spreading and sharing ideas, goods, techniques, and technologies creates a constant connection between countries (Mann 7). There were

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    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 environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • Globalization And Nations

    1615 Words  | 7 Pages

    Globalization and Nation States Globalization has integrated and intertwined the economies of the world. In the world today, every nation has become independent on every other nation, be it through trade or through finance. Developing countries today are attracting large rounds of foreign investment, and this foreign investment is coming from the developed countries. Thus, the money of the developed countries is today invested in the developing countries.

    Read More

  • Sociological Theory Of Globalization

    1057 Words  | 5 Pages

    As established in the previous paper, globalization has a major impact on the individuals and society as a whole. It reshapes social structures and significantly alters the social experiences of the people. Social phenomena such as intersocietal as well as intrasocietal inequality and conflict are associated with the increased connectivity of the world. Such social realities spark the interest of sociologists across the globe, as they study the relationship between individuals and societies. To facilitate their endeavors, sociologists utilize sociological theories that study society on the micro- and macro level.

    Read More

  • Kosovo And Globalization Essay

    750 Words  | 3 Pages

    The term “Globalization” has been in existence for the past 50 years. It is one of the major causes of the increase in international trade. The Oxford Dictionary defined Globalization as “the process by which businesses or other organizations develop international influence or operate on an international scale”. It is a phenomenon that has been in the front burner for several years. Certain individuals opine that it serves as an advantage for the developing countries to compete in the global market while others were of the opinion that it favors the developed countries by making them richer (Giddens, A. 1999).

    Read More

  • Pros And Cons Of Globalization In The Textile Industry

    954 Words  | 4 Pages

    The exceptionally notoriety of the word 'globalization’ signals a require for caution. The word was barely utilized some time recently the late 1980s, indeed in scholarly circles, but nowadays you can barely open a daily paper without experiencing the term. It might effortlessly show up to is an elegant name utilized to assign wonders around which one has as it were the vaguest thoughts. However to dispose of the concept of globalization, and the huge consideration agreed the marvels it envelops, on such grounds, would be silly. There is a genuine require for a common, non-specific term to portray the complex, multi sided ways in which the world is inter-connected, and progressively so.

    Read More

  • Globalization And Cosmopolitanism

    1119 Words  | 5 Pages

    Globalization and Cosmopolitanism for a long time have been used interchangeably to create a sense of boundarylessness. The two words, however, are not synonymous. Globalization has a single dimension, economic globalization. Cosmopolitanism, on the other hand, is multidimensional and addresses various aspects of the social world. The multifaceted nature of cosmopolitanism has changed the history of the social worlds (Nussbaum 2008).

    Read More

  • Advantages And Disadvantages Of The G20

    1826 Words  | 8 Pages

    Globalization means that people from. different countries communicate together and work together. The world is becoming globalizing because many people have benefits in globalization. Business men can set up their business in other countries. Also ,we can have better communication with other countries’ people through the widely used language, like English.

    Read More

  • Advantages And Disadvantages Of Globalization In Developing Countries

    1006 Words  | 5 Pages

    Globalization is a process of linking the world through many aspects, from the economic to the culture, the political. in different nations. This process uses to describe the changes in society and in the world economy, by creating a linkage and increasing exchange between individuals, organizations or nations in cultural perspective, economics on global scale (Globalization 101, n.d.). A process of creating many opportunities but also causes many challenges for all the nations in the world, particularly for developing countries. There are so many advantages that globalization brings to developing countries like free trade, technology transfer and reducing unemployment.

    Read More

  • Reflection On Globalization

    731 Words  | 3 Pages

    The aim of this assessment is to reflect on what I have learned this semester regarding the module of Business in Global Context; from the lectures with the professor, the case studies done in class and the three previous patchworks that we worked on. We have learned that there are different internal and external components that affect the business environment, from corporate social responsibility to cultural and institutional framework; organizations must take into consideration all the factors related to the different parts of its environment. For the topic discussion, I will be discussing globalization and how it has affected the global business environment along with the key aspects and the different point of views regarding it.

    Read More

  • Advantages And Disadvantages Of Globalization In Nigeria

    1458 Words  | 6 Pages

    The word globalization is used in different ways. The controversial nature of the concept of globalization is part of the explanation of the confusion of that much of the public debate. The British government believes that if managed well, the benefits of globalization for poor countries and people

    Read More

More about An Explanation Of The Word Globalization

Open Document