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Understanding Globalization's Impact

Globalization is a process that has connected previously unconnected people, communities, and societies in multidimensional ways. It can be interpreted through economic, political, and cultural globalization. Economic globalization is the process by which national economies have been absorbed into a single global economy. Political globalization is the process by which policy making is passed from national governments to international organizations. Cultural globalization is the process whereby information and commodities produced in one part of the world enter global flows, tending to flatten cultural differences between nations and individuals.

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69 views1 page

Understanding Globalization's Impact

Globalization is a process that has connected previously unconnected people, communities, and societies in multidimensional ways. It can be interpreted through economic, political, and cultural globalization. Economic globalization is the process by which national economies have been absorbed into a single global economy. Political globalization is the process by which policy making is passed from national governments to international organizations. Cultural globalization is the process whereby information and commodities produced in one part of the world enter global flows, tending to flatten cultural differences between nations and individuals.

Uploaded by

NawalRamay
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Globalization: Current Affairs/International Relations

·0 Traditional Westphalian System - nation-states as sovereign bodies, and according to the realists,
were the only actors on the international stage.
·1 now - advent of globalization, that has changed.
·2 WHAT IS GLOBALIZATION
·3 It is a process which has forged connections between previously unconnected people,
communities, institutions and societies. Held and McGrew (1999) define Globalization as: 'the
widening, intensifying, speeding up, and growing impact of world wide interconnectedness".
·4 this Interconnectedness - multidimensional.
interpreted in 3 main ways:
1. economic globalization
2. political globalization
3. cultural globalization
·5 economic globalization: process by which national economies have, to a significant extent, been
absorbed into a single global economy.
·6 politicall globalization: process through which policy making - passed from national
governments to international organizations.
·7 cultural globalization: process whereby information commodities produced in one part of the
world enter into a global flow - tends to flatten out cultural differences between nations and
individuals in them.
·8 Held

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