Search Blog

Tuesday, November 30, 2010

Globalization

Globalization

According to the the word 'globalization' was first employed in a publication entitled Towards New Education in 1930, to denote a holistic view of human experience in education An early description of globalization was penned by the American entrepreneur-turned-minister who coined the term 'corporate giants' in 1897 although it was not until the 1960s that the term began to be widely used by economists and other social scientists. The term has since then achieved widespread use in the mainstream press by the later half of the 1980s. Since its inception, the concept of globalization has inspired numerous competing definitions and interpretations, with antecedents dating back to the great movements of trade and empire across Asia and the Indian Ocean from the 15th century onwards

Globalization (or globalisation) describes the process by which regional economies, societies, and cultures have become integrated through a global network of political ideas through communication, transportation, and trade. The term is most closely associated with the term: the integration of national economies into the international economy through, , the spread of and presenceHowever, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factorsThe term can also refer to the transnational circulation of ideas, languages, or through. An aspect of the world which has gone through the process can be said to be globalized.

says globalization "is a widely-used term that can be defined in a number of different ways. When used in an economic context, it refers to the reduction and removal of barriers between national borders in order to facilitate the flow of goods, capital, services and labor... although considerable barriers remain to the flow of labor... Globalization is not a new phenomenon. It began towards the end of the nineteenth century, but it slowed down during the period from the start of the First World War until the third quarter of the twentieth century. This slowdown can be attributed to the inward-looking policies pursued by a number of countries in order to protect their respective industries... however, the pace of globalization picked up rapidly during the fourth quarter of the twentieth century
 

No comments:

Post a Comment