Globalization of International Relations
Introduction to Globalization
Globalization is a relatively new term used to describe a very old process. Since the first appearance of the term in 1962 'globalization ' has gone from jargon to cliché. The Economist has called it "the most abused word of the 21st century." It is much exploited in the modern century and is seen as both a curse and a blessing.
Globalization is 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. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
For thousands of years, people have been buying from and selling to each other in lands at great distances, such as through the Silk Road across Central Asia that connected China and Europe. Likewise, for centuries, people and corporations have invested in enterprises in other countries. But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. It involves a stretching of social, political and economic activities across political frontiers, regions and continents. It suggests the growing magnitude, of interconnectedness and flows of trade, investment, finance, migration, culture, etc. The growing extensity, intensity and velocity of global interactions can be associated with their deepening impact such that the effects of distant events can be highly significant elsewhere and even the most local developments may come to have enormous global consequences. In this sense, the boundaries between domestic matters and global affairs can become increasingly blurred.
Introduction to International Relations
The study of IR
Globalization is a relatively new term used to describe a very old process. Since the first appearance of the term in 1962 'globalization ' has gone from jargon to cliché. The Economist has called it "the most abused word of the 21st century." It is much exploited in the modern century and is seen as both a curse and a blessing.
Globalization is 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. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
For thousands of years, people have been buying from and selling to each other in lands at great distances, such as through the Silk Road across Central Asia that connected China and Europe. Likewise, for centuries, people and corporations have invested in enterprises in other countries. But policy and technological developments of the past few decades have spurred increases in cross-border trade, investment, and migration so large that many observers believe the world has entered a qualitatively new phase in its economic development. It involves a stretching of social, political and economic activities across political frontiers, regions and continents. It suggests the growing magnitude, of interconnectedness and flows of trade, investment, finance, migration, culture, etc. The growing extensity, intensity and velocity of global interactions can be associated with their deepening impact such that the effects of distant events can be highly significant elsewhere and even the most local developments may come to have enormous global consequences. In this sense, the boundaries between domestic matters and global affairs can become increasingly blurred.
Introduction to International Relations
The study of IR
References: Economics Essays: Essay: Does Globalisation benefit both developed and developing countries?. 2013. [ONLINE] Available at: http://econ.economicshelp.org/2007/05/discuss-whether-globalisation-benefits.html. [Accessed 01 July 2013]. The Benefits of Globalization An Economic Perspective - Evangelical Lutheran Church in America . 2013. [ONLINE] Available at: http://www.elca.org/What-We-Believe/Social-Issues/Journal-of-Lutheran-Ethics/Issues/August-2002/The-Benefits-of-Globalization-An-Economic-Perspective.aspx. [Accessed 01 July 2013]. Globalisation - Gains, Risks & Disadvantages. 2013. [ONLINE] Available at: http://www.tutor2u.net/economics/revision-notes/a2-macro-globalisation-effects.html. [Accessed 01 July 2013]. Christopher Leo: WHAT IS THE IMPACT OF GLOBALIZATION ON POLITICS?. 2013. [ONLINE] Available at: http://blog.uwinnipeg.ca/ChristopherLeo/archives/2007/07/what_is_the_imp.html. [Accessed 01 July 2013]. HLS forum examines the impact of globalization on legal education (video). 2013. Available at: http://www.law.harvard.edu/news/spotlight/ils/global-legal-education-forum-2012.html. [Accessed 03 July 2013]. http://www.bc.edu/sites/libraries/facpub/deese-globalization/book.pdf http://www.justis.com/news/news-legal-globalization.pdf