what is globalisation?

Answer 1

hi my friend
Globalization, also globalisation, refers to a process of increasing integration between units around the world, including nation-states, households/individuals and organizations, including corporations. It is an umbrella term, covering economic, trade, social, technological, cultural and political aspects. The term has been used as early as 1944, however Theodore Levitt is usually credited with its first use in an economic context.[1] and is the opposite of deglobalization.

A number of definitions abound, but all generally note the increasing convergence of markets, economies, and ways of life across the world. A broad overview definition is that globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profits [2]. Globalization relies on three forces for development: the role of human migration, international trade, and rapid movements of capital and integration of financial markets.

The IMF International Monetary Fund stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions ... free international capital flows, and more rapid and widespread diffusion of technology.

A less economic-focused definition from the Encyclopedia Britannica states that globalization is the "process by which the experience of everyday life ... is becoming standardized around the world."

Globalization has become identified with a number of trends, most of which may have developed or accelerated since World War II. These include the greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement. Some of the trends include the following:

* Greater international cultural exchange,
o Spreading of multiculturalism, and better individual access to cultural diversity (e.g. through the export of Hollywood and Bollywood movies). However, the imported culture can easily supplant the local culture, causing reduction in diversity through hybridization or even assimilation. The most prominent form of this is Westernization, but Sinicization of cultures also takes place.
o Greater international travel and tourism
o Greater immigration, including illegal immigration
o Spread of local consumer products (e.g., food) to other countries (often adapted to their culture)
o World-wide fads and pop culture such as Pokémon, Sudoku, Numa Numa, Origami, Idol series, YouTube, and MySpace.
o World-wide sporting events such as FIFA World Cup and the Olympic Games.
o Formation or development of a set of universal values
* Technical/legal
o Development of a global telecommunications infrastructure and greater transborder data flow, using such technologies as the Internet, communication satellites, submarine fiber optic cable, and wireless telephones
o Increase in the number of standards applied globally; e.g. copyright laws, patents and world trade agreements.
o The push by many advocates for an international criminal court and international justice movements.

[edit] Positive and negative effects

The term "globalization" is used to refer to these collective changes as a process, or else as the cause of turbulent change.

* Economically, socially and ecologically positive: As an engine of commerce; one which brings an increased standard of living to Third World countries and further wealth to First World countries.

* Economically, socially,politically, and ecologically negative: As an engine of "corporate imperialism;" one which tramples over human rights in developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.

It is often argued that even terrorism has undergone globalization, with attacks in foreign countries that have no direct relation with the attackers' own country.[4][5]

Since World War II, barriers to international trade have been considerably lowered through international agreements - General Agreement on Tariffs and Trade (GATT). Particular initiatives carried out as a result of GATT and the World Trade Organisation (WTO), for which GATT is the foundation, have included:

* Promotion of free trade
o Reduction or elimination of tariffs; construction of free trade zones with small or no tariffs
o Reduced transportation costs, especially from development of containerization for ocean shipping.
o Reduction or elimination of capital controls
o Reduction, elimination, or harmonization of subsidies for local businesses
* Intellectual property restrictions
o Harmonization of intellectual property laws across the majority of nations, with more restrictions.
o Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the United States)

Answer 2

Globalisation is the process by which the world is becoming increasingly interconnected as a result of massively increased trade and cultural exchange. Globalisation has increased the production of goods and services. The biggest companies are no longer national firms but multinational corporations with subsidiaries in many countries.
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Answer 3

Well, you got a very detailed answer, but here is a short sweet one:

My sister-in-law came to India from USA on vacation and brought a nice shirt for me, which she bought there but which was made in Bangladesh! Indians use PCs made in Hongkong and export software produced for a client sitting in USA. When you call your credit card guys for help, the call is taken by some one in India or some other country,

All this is globalisation. And yes, when war breaks out in Mid-east, oil prices shoot up all over the world. When stockmarkets crash in major stock exchanges, the repercussions are felt all over the world. That too is globalisation.

Answer 4

Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardised around the world. Factors that have contributed to globalisation are increasing sophisticated communications and transportation technologies and services, mass migration and movement of people, etc.

Answer 5

uniting all small fragments of continents and nations into one complete territory ....globalisation means wiping out boundaries of nations and function as one complete entity.....globalisation is all about resolving conflict and living united life.

Answer 6

globalisation is the interaction of nations through trade ,envistment,travel,culture and other like education,art and literature

Answer 7

All of it incredibly is by some potential logically interconnected troulbe with it it would not assessment the separation of the evil intentions of golbalization engineered via Neocons for international domination. the rest are basically minor gamers in the vast rip-off of the recent international order,

Answer 8

Globalization, also globalisation, refers to a process of increasing integration between units around the world, including nation-states, households/individuals and organizations, including corporations. It is an umbrella term, covering economic, trade, social, technological, cultural and political aspects. The term has been used as early as 1944, however Theodore Levitt is usually credited with its first use in an economic context.[1] and is the opposite of deglobalization.

A number of definitions abound, but all generally note the increasing convergence of markets, economies, and ways of life across the world. A broad overview definition is that globalization is the worldwide process of homogenizing prices, products, wages, rates of interest and profits [2]. Globalization relies on three forces for development: the role of human migration, international trade, and rapid movements of capital and integration of financial markets.

The IMF International Monetary Fund stresses the growing economic interdependence of countries worldwide through increasing volume and variety of cross-border transactions ... free international capital flows, and more rapid and widespread diffusion of technology.

A less economic-focused definition from the Encyclopedia Britannica states that globalization is the "process by which the experience of everyday life ... is becoming standardized around the world."

Globalization has become identified with a number of trends, most of which may have developed or accelerated since World War II. These include the greater international movement of commodities, money, information, and people; and the development of technology, organizations, legal systems, and infrastructures to allow this movement. Some of the trends include the following:

* Greater international cultural exchange,
o Spreading of multiculturalism, and better individual access to cultural diversity (e.g. through the export of Hollywood and Bollywood movies). However, the imported culture can easily supplant the local culture, causing reduction in diversity through hybridization or even assimilation. The most prominent form of this is Westernization, but Sinicization of cultures also takes place.
o Greater international travel and tourism
o Greater immigration, including illegal immigration
o Spread of local consumer products (e.g., food) to other countries (often adapted to their culture)
o World-wide fads and pop culture such as Pokémon, Sudoku, Numa Numa, Origami, Idol series, YouTube, and MySpace.
o World-wide sporting events such as FIFA World Cup and the Olympic Games.
o Formation or development of a set of universal values
* Technical/legal
o Development of a global telecommunications infrastructure and greater transborder data flow, using such technologies as the Internet, communication satellites, submarine fiber optic cable, and wireless telephones
o Increase in the number of standards applied globally; e.g. copyright laws, patents and world trade agreements.
o The push by many advocates for an international criminal court and international justice movements.

[edit] Positive and negative effects

The term "globalization" is used to refer to these collective changes as a process, or else as the cause of turbulent change.

* Economically, socially and ecologically positive: As an engine of commerce; one which brings an increased standard of living to Third World countries and further wealth to First World countries.

* Economically, socially,politically, and ecologically negative: As an engine of "corporate imperialism;" one which tramples over human rights in developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction or inhibition of authentic local and global community, ecology and cultures.

It is often argued that even terrorism has undergone globalization, with attacks in foreign countries that have no direct relation with the attackers' own country.[4][5]

Since World War II, barriers to international trade have been considerably lowered through international agreements - General Agreement on Tariffs and Trade (GATT). Particular initiatives carried out as a result of GATT and the World Trade Organisation (WTO), for which GATT is the foundation, have included:

* Promotion of free trade
o Reduction or elimination of tariffs; construction of free trade zones with small or no tariffs
o Reduced transportation costs, especially from development of containerization for ocean shipping.
o Reduction or elimination of capital controls
o Reduction, elimination, or harmonization of subsidies for local businesses
* Intellectual property restrictions
o Harmonization of intellectual property laws across the majority of nations, with more restrictions.
o Supranational recognition of intellectual property restrictions (e.g. patents granted by China would be recognized in the United States)