Globalization refers to the emergence in the twentieth century‚ of a global community‚ whereby cultural‚ economic‚ environment and political events occurring in communities in one part of the world has quickly come to be significant to people in other societies. The way in which technology has ‘evolved’ has resulted in an advance in communication‚ transportation‚ scientific discoveries‚ and information technology. These advances‚ which are the basis of globalization‚ have infiltrated and affected
Premium Globalization Caribbean International trade
Globalization is “the cluster of technological‚ economic and political processes that drastically reduce the barriers to economic exchange across borders.” (Richard Rosecrance). It leads to increased economic interdependence‚ which can be defined as two or more countries depending on each other by trading and performing economic transactions that benefit their economies. Globalization does not make major militarized conflict between states obsolete. Rather‚ globalization only minimizes militarized
Premium World War II United States
Measuring Globalization: KOF’s Index Submitted by S.M. Manzoor-E-Khoda Measuring Globalisation: Globalisation is not a new phenomenon. From the ancient era‚ people used to share their ideas in need of their livelihoods‚ survival. Globalization is a broad concept‚ used to describe a variety of phenomena that reflect increased economic‚ social and political interdependence of countries. Thus globalisation indicates global interactions‚ in terms
Premium Globalization
On the Meaning of Globalization The technological development that characterizes the past two decades has triggered a communicational enhancement around the globe. Interconnectedness between people is greater everyday; goods‚ services‚ money‚ and information are exchanged between the furthermost parts of the world. International travel and communication now represent ordinary aspects of life. This phenomenon is called globalization. The term entered common vocabulary in the 1980’s and it grew
Premium Globalization Economics International trade
gloISSN 1392-1258. EKOnOMIKA 2008 82 GLOBALIZATION AND hUMAN RESOURCE MANAGEMENT Rima Česynienė Assoc. Professor vilnius University Department of Management vilnius‚ saulėtekio al. 9 Tel. (370 5) 236 6134 e-mail: rima.cesyniene@ef.vu.lt Globalization represents the structural making of the world characterized by the free flow of technology and human resources across national boundaries as well as the spread of Information Technology and mass media presenting an ever-changing and competitive
Premium Human resource management
The Impact of Globalization In today ’s modern world we take things for granted‚ such as the luxury of the Internet and cell phones‚ or how easy it is to communicate with someone half a globe away. Before 1989‚ people were confined in their own country and knew only what was going on in their country. Internet‚ emails‚ and cell phones were non-existent. Long distance communication was a hassle and obtaining information was not just a simple click away. When the Berlin Wall came down‚ it marked the
Premium Communism Third World United States
Globalization‚ and its Effect on Sovereignty While some people may argue that the rise of modern technology brings about a global market‚ which subsequently compromises the necessity of sovereign states‚ this is not the case. Indeed‚ the perpetual development of superior technology facilitates international trade and communication. However‚ there is no evidence that the phenomenon called globalization necessarily leads to the dissolution of sovereignty. Globalization may make the state more
Premium Sovereignty Sovereign state State
98 5 Globalization and Glocalization PETER BEYER Globalization is a relatively recent term. It appeared in English-language usage only in the 1960s‚ albeit without the heavy connotations that it began to carry in the 1990s. Other similar expressions‚ however‚ already popularized the core meaning of all people on earth living in a single social space‚ notably Marshall McLuhan’s notion of a ‘global village’ (McLuhan 1964). Entering social scientific discourse in the early 1980s‚ globalization itself
Premium Religion
Globalization: New Form of Colonization Globalization: New Form of Colonization Globalization: A New Form of Colonization After the Second World War‚ a decolonization process took place - for previously slaved and colonized nations - supposedly ending almost four centuries of slavery and exploitation. It was followed by the end of the cold war and the beginning of a new era: Globalization. Although there is no exact definition of the word globalization‚ some experts believe that “the process
Premium World War II Globalization Culture
Introduction According to the Stanford Encyclopedia of Philosophy‚ globalization is covering a wide range of distinct political‚ economic‚ and cultural trends (Stanford Encyclopedia of Philosophy‚). Globalization has enabled businesses to tremendously expand and for the most part‚ consumers find great satisfaction in globalization. Industries like the hospitality industry find successes in the global markets that are unheard of traditionally. Businesses such as Subway‚ McDonalds‚ and Wal-Mart
Premium Consumer Human Hospitality industry