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The Lexus and the Olive Tree: Understanding Globalization is a 1999 book by Thomas L. Friedman that posits that the world is currently undergoing two struggles: the drive for prosperity and development, symbolized by the Lexus LS, and the desire to retain identity and traditions, symbolized by the olive tree.
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.
Globalization (North American spelling; also Oxford spelling [UK]) or globalisation (non-Oxford British spelling; see spelling differences) is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide.
World War I disrupted economic globalization, with countries adopting protectionist policies and trade barriers, slowing global trade. [7] The 1956 invention of containerized shipping and larger ship sizes reduced costs, facilitating global trade. [8] [9] Globalization resumed in the 1970s as governments highlighted trade benefits.
World citizen badge. Global studies – interdisciplinary and multidisciplinary academic study of globalizing forces and trends. Global studies may include the investigation of one or more aspects of globalization, but tend to concentrate on how globalizing trends are redefining the relationships between states, organizations, societies, communities, and individuals, creating new challenges ...
Globalization is often seen as homogenizing the world and includes a diffusion of beliefs that are eventually infused and accepted across time and space. Instead, globalization is about understanding and recognizing that communities are not the same and these differences are what make up the contemporary world.
The Globalization of World Politics: An Introduction to International Relations is an introduction to international relations (IR) and offers comprehensive coverage of key theories and global issues. Edited by John Baylis, Patricia Owens , and Steve Smith. [ 1 ]
It is argued that globalization is related to the spreading of modernization across borders. Global trade has grown continuously since the European discovery of new continents in the early modern period; it increased particularly as a result of the Industrial Revolution and the mid-20th century adoption of the shipping container.