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[19] [3] The modern concept of globalism arose in the post-war debates of the 1940s in the United States. [20] In their position of unprecedented power, planners formulated policies to shape the kind of postwar world they wanted, which in economic terms meant a globe-spanning capitalist order centered exclusively upon the United States.
Economic globalization refers to the widespread international movement of goods, capital, services, technology and information. It is the increasing economic integration and interdependence of national, regional, and local economies across the world through an intensification of cross-border movement of goods, services, technologies and capital ...
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
Whereas the globalization of business is centered around the diminution of international trade regulations as well as tariffs, taxes, and other impediments that suppresses global trade, economic globalization is the process of increasing economic integration between countries, leading to the emergence of a global marketplace or a single world ...
What we owe one another in the global context is one of the questions the global justice concept seeks to answer. [4] There are positive and negative duties which may be in conflict with ones moral rules. [citation needed] Cosmopolitans, reportedly including the ancient Greek Diogenes of Sinope, have described themselves as citizens of the ...
In the post-World War II period, states sacrificed globalization while embracing democracy at home and national autonomy. [7] The trilemma suggests that the backlash against globalization in the last few decades is rooted in a desire to reclaim democracy and national autonomy, even if it undermines economic integration. [7]
One World: The Ethics of Globalisation is a 2002 book about globalization by the philosopher Peter Singer.In the book, Singer applies moral philosophy to four issues: the impact of human activity on the atmosphere; international trade regulation (and the World Trade Organization); the concept of national sovereignty; and the distribution of aid.
Hyper-globalization is the dramatic change in the size, scope, and velocity of globalization that began in the late 1990s and that continues into the beginning of the 21st century. It covers all three main dimensions of economic globalization, cultural globalization, and political globalization.