Search results
Results from the WOW.Com Content Network
Through globalization, world polity and culture trigger the formation of enactable cultures and organizations while in return cultures and organizations elaborate the world society further. [ 3 ] Beginning in the 1970s with its initiation by John W. Meyer of Stanford University, world polity analysis initially revolved around examining inter ...
Globalization is commonly defined as the international movement toward economic, trade, technological, and communications integration and concerns itself with interdependence and interconnectedness. As a result of the interconnectedness brought on by globalization, languages are being transferred between communities, cultures, and economies at ...
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.
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.
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 century ), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization ).
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 ]
In short it is one of motive powers of internationalization and globalization. Traditional trade theories including Heckscher–Ohlin–Samuelson theory and the new trade theory à la Krugman exclude trade of intermediates products by assumption [9] and cannot explain fragmentation of production across countries.
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 .