What Is Globalization

I will begin my global presentation by stating that each age is a reflection of its own time and globalization is no different.

For the first time in history our global problems have outstripped our national problems as a result of globalization.

The Economist magazine has called globalization “the most abused word of the 21st century.” No word in recent memory has meant so many things to different people. Some see it as a form of domination by transnational institutions that can only lead to a new kind of chaos. Others see it as a form of nirvana, a blessed state of universal peace and prosperity.

Since its first appearance in 1962 the term ‘globalization’ has gone from jargon to cliché. Globalization as defined by Webster’s dictionary, is “a process that renders various activities and aspirations worldwide in scope or application.”

Comments

2 Responses to “What Is Globalization”
  1. Narek Ghazaryan says:

    Good. Im going to be the first one to respond to this. Well it’s 2013 now. And word globalization currently means to me that powerful countries using other weak countries resources for their purpose. For example Russia, USA and so on. At some point it’s good that the business brings us together, but in other point of view, external business policies of the country becomes stronger, because it’s cheaper, and internal business policies weaker. Basically jobs are outside, not inside people.

  2. Roy Posner says:

    It is intrinsically apparent that when you expand an activity that you diminish your acuity of simpler duties and with that the immediate threat of globalization is incompetent action for basic needs. The government was designed to protect the people from outside forces, regulate currency and arbitrate local government disputes. If the government expands its duties then it will ultimately sacrifice it’s former duties.

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