Science8 mins ago
What is globalization?
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I would like to know details about globalization.
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Off the top of my head I would say:
Globalization (or globalisation) describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and execution. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. Taking a holistic view, Rakesh Mohan Joshi defines globalization as ‘the increasing economic integration and interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital.
Okay, I copied this from Wikipedia. There's loads of stuff in the web and in books in libraries* (*definition available on wikipedia) you can research. Are students expected to do their own research these days?
Globalization (or globalisation) describes an ongoing process by which regional economies, societies, and cultures have become integrated through a globe-spanning network of communication and execution. The term is sometimes used to refer specifically to economic globalization: the integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, sociocultural, political, and biological factors. The term can also refer to the transnational circulation of ideas, languages, or popular culture through acculturation. Taking a holistic view, Rakesh Mohan Joshi defines globalization as ‘the increasing economic integration and interdependence of national economies across the world through a rapid increase in cross-border movement of goods, service, technology, and capital.
Okay, I copied this from Wikipedia. There's loads of stuff in the web and in books in libraries* (*definition available on wikipedia) you can research. Are students expected to do their own research these days?
Off the top of my head I would say:
Globalisation is the ability of merchants powerful enough to influence laws to their advantage so they can move money and production easily anywhere in the world. Who being multi-national hold no allegiance to a single nation or people but can move to where the national government has been bullied into giving favourable incentives (for fear that the merchant will set up somewhere else). And to favour where the local populace is willing to work for little cost, partly because they are a low wage/low cost society and partly because they are so poor they are desperate for any income. It is a shift of power from governments (democratic and other) to the merchant elite. Mainly achieved because one can show efficiency advantages, and increased profit for the companies, not that you'll see much of it.
Globalisation is the ability of merchants powerful enough to influence laws to their advantage so they can move money and production easily anywhere in the world. Who being multi-national hold no allegiance to a single nation or people but can move to where the national government has been bullied into giving favourable incentives (for fear that the merchant will set up somewhere else). And to favour where the local populace is willing to work for little cost, partly because they are a low wage/low cost society and partly because they are so poor they are desperate for any income. It is a shift of power from governments (democratic and other) to the merchant elite. Mainly achieved because one can show efficiency advantages, and increased profit for the companies, not that you'll see much of it.
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