Homework Help

What is the definition of globalization?This question prompted by the following...

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 2, 2012 at 2:26 PM via web

dislike 2 like

What is the definition of globalization?

This question prompted by the following question.

 

8 Answers | Add Yours

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 2, 2012 at 2:49 PM (Answer #1)

dislike 1 like

Possible answers:

The term "globalization" is used to mean the trend whereby countries are becoming more and more able to trade a wider variety of goods and services with one another.

Globalization refers to the current economic and business situation in the world where these activities are carried out across the national boundaries in large volumes in without being trade barriers put up by various countries. The globalization is the net impact of is the result of tendency on part of businesses to widen the scale of their operation globally, as well as by countries adopting policies and practices that promote and facilitate international trade and economic cooperation between different countries.



Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 2, 2012 at 3:27 PM (Answer #2)

dislike 1 like

Eagle114 already asked my question.

Krishna-Agrawala said:

"Globalization refers to situation marked by substantial degree of economic activities carried out across boundaries of different countries or nations."

So the short answer:

Globalization is trade.  

Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 3, 2012 at 12:19 PM (Answer #3)

dislike 0 like

Or, as Brettd has implied, globalization is more than exchange of money, capital, labor, and natural resources.

“Overall, the main idea is that there are getting to be more and more ways in which people in different countries are connected to one another.”

Globalization is trade, but it is up front and personal.

 

Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 3, 2012 at 1:02 PM (Answer #4)

dislike 0 like

Wordprof suggests that rather than the movement of money, capital, labor, or natural resources, globalization is management's decision to move money, capital, labor, or natural resources.

So globalization is the decision to do rather than the doing itself.

Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 3, 2012 at 1:38 PM (Answer #5)

dislike 0 like

According to Pohnpei397, globalization is a marketing strategy in which a firm sells the same product in many markets as opposed to regionalization or localization in which a firm sells different products in each markets.

So some of the confusion about the meaning of globalization come from the fact that different professions use the word in different ways.  To business people globalization is a decision or a strategy. To economists it must be a fancy word for trade. To the rest of us it must be the effects of trade on all forms of culture, like language, religion, food, law, politics, and economy.

Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted June 3, 2012 at 5:39 PM (Answer #6)

dislike 0 like

Globalization

Social commentators have worried about shrinking time between geographic locations since at least the 1830’s when they encountered the telegraph and railroad.  Henry Adams called it the “law of acceleration.” John Dewey called it the “new world.” Marshall McLuhan, one commentator of whom I never heard, called it the “global village.” Karl Marx called it “intercourse in every direction,” “universal interdependence of nations,” and “tools for the working class.” He seems to have expected globalization to destroy capitalism.

Until the 1970’s, none of the commentators used the word, globalization, to describe any of the characteristics now called globalization.

Defining globalization seems to me to have something in common with the blind men trying to describe the elephant. The list of definitions includes:

classical liberal economics

dominance of Western Culture

dominance of American Culture

proliferation of information technology

vanishing sources of social conflict

global integration

unification of cultures

deterritorialization

interconnectedness

annihilation of local and national boundaries

Two definitions, which I think deal with the basic idea are:

 change in spatial and temporal contours of society

annihilation of time between locations

And this list excludes some definitions which business people may use like the ones proposed in previous posts by Wordprof and Popnpei397.

 

Sources:

user profile pic

etotheeyepi | Student, Undergraduate

Posted July 28, 2012 at 4:44 AM (Answer #7)

dislike 0 like

Or as a Hezbollah militant said, globalization is McDonaldization, but that is just a cute way to say Americanization or dominance of American culture.  

user profile pic

etotheeyepi | Student, Undergraduate

Posted September 1, 2012 at 11:14 AM (Answer #8)

dislike 0 like

What is the truest definition of Globalization?

Answer: Princess Diana's death.

Question: How come?

Answer: An English princess

with an Egyptian boyfriend

crashes in a French tunnel,

driving a German car

with a Dutch engine,

driven by a Belgian who was drunk

on Scottish whisky, (check the bottle before you change the spelling)

followed closely by Italian Paparazzi,

on Japanese motorcycles;

treated by an American doctor,

using Brazilian medicines.

This is sent to you by an American,

using Bill Gate's technology,

and you're probably reading this on your computer,

that uses Taiwanese chips,

and a Korean monitor,

assembled by Bangladeshi workers

in a Singapore plant,

transported by Indian lorry-drivers,

hijacked by Indonesians,

unloaded by Sicilian longshoremen,

and trucked to you by Mexican illegals.....

That, my friends, is Globalization

http://www.theforumsite.com/forum/topic/Globalization/467075

Join to answer this question

Join a community of thousands of dedicated teachers and students.

Join eNotes