Q1. Summarize the Globalization Debate. What Are the Major Interest Groups in the World Economy? How Are They Affected by Different Element of Globalization?
Q1. Summarize the globalization debate. What are the major interest groups in the world economy? How are they affected by different element of globalization?
INTRODUCTION
Today and more than ever before, the world has become a “global village” with the expansion of the communication networks, the rapid information exchange, the gradual shrink of borders and of attachment to identities and citizenship, the lifting of the barriers of visas and passports, the consecration of a new era when national sovereignty and the authority of the nation-state is fading away in favor of regional groupings, international organizations and international legality and law. This means the beginning of the return to the universal trend which is imposed by human instinct, but in a broader environment and in an evident endeavor to dominate the world.
Today’s universalism is marked by its reliance on sophisticated and highly performing technology that was not available for the old form of universalism. Globalization is also an act and a practice. It is equally an integrated system wherein the subject leaves no choice to the object destined to be shaped up. That is why globalization advocates describe it as inevitable for humanity, sooner or later
Globalization is an idea whose time has come. From obscure origins in French and American writings in the 1960s, the concept of globalization finds expression today in the entire world’s major languages.
Yet, it lacks precise definition. Indeed, globalization is in danger of becoming, if it has not already become, the cliché of our times: the big idea which encompasses everything from global financial markets to the Internet but which delivers little substantive insight into the contemporary human condition. Clichés, nevertheless, often capture elements of the lived experience of an epoch. In this respect, globalization reflects a widespread perception that the world is rapidly being molded into a shared social space by economic and
INTRODUCTION
Today and more than ever before, the world has become a “global village” with the expansion of the communication networks, the rapid information exchange, the gradual shrink of borders and of attachment to identities and citizenship, the lifting of the barriers of visas and passports, the consecration of a new era when national sovereignty and the authority of the nation-state is fading away in favor of regional groupings, international organizations and international legality and law. This means the beginning of the return to the universal trend which is imposed by human instinct, but in a broader environment and in an evident endeavor to dominate the world.
Today’s universalism is marked by its reliance on sophisticated and highly performing technology that was not available for the old form of universalism. Globalization is also an act and a practice. It is equally an integrated system wherein the subject leaves no choice to the object destined to be shaped up. That is why globalization advocates describe it as inevitable for humanity, sooner or later
Globalization is an idea whose time has come. From obscure origins in French and American writings in the 1960s, the concept of globalization finds expression today in the entire world’s major languages.
Yet, it lacks precise definition. Indeed, globalization is in danger of becoming, if it has not already become, the cliché of our times: the big idea which encompasses everything from global financial markets to the Internet but which delivers little substantive insight into the contemporary human condition. Clichés, nevertheless, often capture elements of the lived experience of an epoch. In this respect, globalization reflects a widespread perception that the world is rapidly being molded into a shared social space by economic and
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