February 24, 2006
Are Terrorism and Globalization Linked?
Globalization Defined While a precise definition of the term has yet to be established, many of the currently employed definitions use similar concepts. The University of Colorado at Boulder (2002) describes the global economy as one in which the main international players are corporations and lacking a structure tied to national boundaries. Refusing to assign a specific definition to the term, the World Bank (2000) describes it primarily as “the observation that in recent years a quickly rising share of economic activity in the world seems to be taking place between people who live in different countries,” or, more simply, an increase in international economic activities. The Center for Strategic & International Studies (2002) attempts to precisely define globalization, calling it “a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology.” The International Monetary Fund (2000) offers the broadest summary of globalization, referring to it as “the increasing integration of economies around the world, particularly through trade and financial flows,” adding, “The term sometimes also refers to the movement of people (labor) and knowledge (technology) across international borders. There are also broader cultural, political and environmental dimensions of globalization.” Globalization is “the increased mobility of goods, services, labour, technology and capital throughout the world,” according to the Government of Canada (2005). Rainer Tetzlaff (1998) writes that globalization encompasses many aspects, including increasing international transactions, new communications technologies, an increasing complex division of labor and goods distribution, quick turnover of concepts and consumer patterns, and a significant increase
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