Zeiler Globalization became a buzzword following the end of the Cold Warbut the phenomenon has long been a factor in the foreign relations of the United States and has deep roots in history.
About Us What Is Globalization? 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 environmenton cultureon political systems, on economic development and prosperity, and on human physical well-being in societies around the world.
Globalization is not new, though. For thousands of years, people—and, later, corporations—have been buying from and selling to each other in lands at great distances, such as through the famed Silk Road across Central Asia that connected China and Europe during the Middle Ages.
Likewise, for centuries, people and corporations have invested in enterprises in other countries. In fact, many of the features of the current wave of globalization are similar to those prevailing before the outbreak of the First World War in Map of the Silk Road 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.
In the years since the Second World War, and especially during the past two decades, many governments have adopted free-market economic systems, vastly increasing their own productive potential and creating myriad new opportunities for international trade and investment.
Taking advantage of new opportunities in foreign markets, corporations have built foreign factories and established production and marketing arrangements with foreign partners.
A defining feature of globalization, therefore, is an international industrial and financial business structure. Technology has been the other principal driver of globalization. Advances in information technology, in particular, have dramatically transformed economic life.
Information technologies have given all sorts of individual economic actors—consumers, investors, businesses—valuable new tools for identifying and pursuing economic opportunities, including faster and more informed analyses of economic trends around the world, easy transfers of assets, and collaboration with far-flung partners.
Globalization is deeply controversial, however. Proponents of globalization argue that it allows poor countries and their citizens to develop economically and raise their standards of living, while opponents of globalization claim that the creation of an unfettered international free market has benefited multinational corporations in the Western world at the expense of local enterprises, local cultures, and common people.
Resistance to globalization has therefore taken shape both at a popular and at a governmental level as people and governments try to manage the flow of capital, labor, goods, and ideas that constitute the current wave of globalization. To find the right balance between benefits and costs associated with globalization, citizens of all nations need to understand how globalization works and the policy choices facing them and their societies.
We welcome you to our website. To read this page in Spanish, click here.Understanding Globalization: The Social Consequences of Political, Economic, and Environmental Change by Robert K.
Schaeffer, Rowman and Littlefield Publishers, Maryland, This second edition is a welcome addition to the increasingly controversial study of globalization. Globalization takes students by the hand to understand the complex yet fascinating globalization phenomena from a probably more often than not, the globalization subject tends to be controversial for the wrong reasons.
most of the time, to be very helpful, as a means to understanding the roots of any complex situation and how to solve.
This exercise worked well to enhance the students' understanding of the complex and controversial nature of globalization. This result seems consistent with the theories of multiculturalists who emphasis the importance of students understanding multiple perspectives as well as the effective instructional strategy of compare and contrast.
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 .
Understanding Globalization: The Social Consequences of Political, Economic, and Environmental Change by Robert K. Schaeffer, Rowman and Littlefield Publishers, Maryland, This second edition is a welcome addition to the increasingly controversial study of globalization. About Us. Globalizationorg is an Internet resource offered by the Levin Institute to promote a greater understanding of globalization.
Our goal is to challenge you to think about many of the controversies surrounding globalization and to promote an understanding of the trade-offs and dilemmas facing policy-makers. solving complex.