Definition of globalization
Globalization is easier to describe than to define. This is because, in its present form and usage, it is a new, complex, dynamic, multidimensional, and worldwide phenomenon, which means different things to different people and different things to the same people across time and space. It evokes strong emotions because it is associated, rightly or wrongly, with most of the world’s significant challenges and opportunities. It cuts across many academic disciplines—such as economics, political science, history, geography, and environmental science—and many professional practices—such as diplomacy and international relations, management (public and private), journalism, national and global security, and international development. It is also seen through ideological prisms as being associated with capitalism or what George Soros calls “market fundamentalism (laissez-faire), liberalism, and Western democracy.” (Alavi, M. and Joachimsthaler, E. 1992)
Globalization according to Expert Definitions
“It is the inexorable integration of markets, nation–states and technologies to a degree never witnessed before—in a way that is enabling individuals, corporations and nation–states to reach around the world farther, faster, deeper and cheaper than ever before, and in a way that is enabling the world to reach into individuals, corporations and nation–states farther, faster, deeper, cheaper than ever before.” Thomas L. Friedman (2000:9)
“Globalization is the growing interdependence of the world’s peoples … a process integrating not just the economy but culture, technology, and governance. People everywhere are becoming connected-affected by events in far corners of the world.” United Nations Development Program (1999:1)
-arguments pro and con globalization
Present day globalization is a unique convergence of technological, economic and political forces of daunting power and influence, having a massive impact on all aspects of public and private life in economic, social, political and cultural affairs at global, national and local levels. As it.........
