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Political globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and cultural globalization. [12] Intergovernmentalism is a term in political science with two meanings.
According to Steger, there are three main types of globalisms (ideologies that endow the concept of globalization with particular values and meanings): market globalism, justice globalism, and religious globalisms. Steger defines them as follows: [2] Market globalism seeks to endow ‘globalization’ with free-market norms and neoliberal meanings.
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
The creation and existence of the United Nations is called one of the classic examples of political globalization. Political globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and cultural globalization. [1]
For example, initiatives under President Biden’s administration, such as the Inflation Reduction Act, prioritize investments in critical infrastructure, clean energy and smart manufacturing.
Cultural globalization is one of the three main dimensions of globalization commonly found in academic literature, with the two other being economic globalization and political globalization. [7] However, unlike economic and political globalization, cultural globalization has not been the subject of extensive research. [4]
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 ...
This is our final article in a series of three, where we argued that deglobalization was a simplistic and inaccurate way to describe the current trajectory of trade and investment, and we looked ...