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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.
[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.
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.
Economic growth accelerated and poverty declined globally following the acceleration of globalization. Per capita GDP growth in the post-1980 globalizers accelerated from 1.4 percent a year in the 1960s and 2.9 percent a year in the 1970s to 3.5 percent in the 1980s and 5.0 percent in the 1990s.
Development ethics is a field of enquiry that reflects on both the ends and the means of economic development.It typically takes a normative stance, asking and answering questions about the nature of ethically desirable development and what ethics means for achieving development, and discusses various ethical dilemmas that the practice of development has led to.
Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
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.
Manfred B. Steger is an American academic and author.He is a Professor of Sociology at the University of Hawaiʻi at Mānoa. [1]Steger is most known for his work in social and political theory, primarily focusing on the crucial role of ideas, images, language, beliefs, and other symbolic systems in shaping discourses of globalization.