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Globalization, or globalisation (Commonwealth English; see spelling differences), is the process of interaction and integration among people, companies, and governments worldwide. [1] The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation), developed its current meaning sometime in the ...
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 ...
Modernization theory holds that as societies become more economically modernized, wealthier and more educated, their political institutions become increasingly liberal democratic. [1] The "classical" theories of modernization of the 1950s and 1960s, most influentially articulated by Seymour Lipset, [1] drew on sociological analyses of Karl Marx ...
Cultural globalization refers to the transmission of ideas, meanings and values around the world in such a way as to extend and intensify social relations. [1] This process is marked by the common consumption of cultures that have been diffused by the Internet, popular culture media, and international travel.
Political globalization is the growth of the worldwide political system, both in size and complexity. That system includes national governments , their governmental and intergovernmental organizations as well as government-independent elements of global civil society such as international non-governmental organizations and social movement ...
George Ritzer. George Ritzer (born October 14, 1940) is an American sociologist, professor, and author who has mainly studied globalization, metatheory, patterns of consumption, and modern/postmodern social theory. His concept of McDonaldization draws upon Max Weber 's idea of rationalization through the lens of the fast food industry.
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.
History of globalization. Extent of the Silk Road and Spice trade routes blocked by the Ottoman Empire in 1453 spurring exploration. The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th ...