CONTEMPORARY WORLD Lecture Docs
CONTEMPORARY WORLD Lecture Docs
EXAMPLES OF GLOBALIZATION
Economic Globalization – is the development of trade systems within transnational actors such as
multinational corporations or NGOs; Process in which business organization are starting to operate
internationally.
Cultural Globalization – refers to the interpenetration of cultures which as a consequence, the nations
adopt principles, beliefs, and customs of other nations, losing their unique culture.
Political Globalization – the development and growing influence of international organizations such as
UN and WHO means governmental action takes place at an international level.
Sociological Globalization – the integration of different cultures of different societies become possible.
Technological Globalization – the phenomenon by which millions of people are interconnected because
of the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube.
Geographic Globalization – is the new organization and hierarchy of different regions of the world that
is constantly changing. Moreover, with transportation, flying made so easy and affordable, apart from a
few countries with demanding visas, it is possible to travel the world without barely any restrictions or
less restrictions.
Ecological Globalization- accounts for the idea of considering planet Earth as a single global entity. All
societies should protect since the weather affects everyone and we are all protected by the same
atmosphere. To this regard, it is often said that the poorest countries that have been polluting the least
will suffer the most from climate change.
The Benefits of Globalization
Globalization has benefits that cover many different areas. It reciprocally developed economies
all over the world and increased cultural exchanges. It also allowed financial exchanges between
companies. Many people are nowadays citizens of the world. The origin of goods became secondary and
geographic distance is no longer a barrier for many services to happen.
Characteristics of Globalization
According to Held and McGrew : A Globalization has several distinguishing characteristics