what is globalization pdf

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Nature

Globalization is a term that is widely used but whose meaning remains elusive and contested. It refers to the expansion of global linkages, the organization of social life on a global scale, and the growth of a global economy. Here are some key points from the search results:

  • Definition: The meaning of globalization is contested and often vague, with some people using it as a synonym for internationalization. It is a complex process that involves the expansion of global linkages and the growth of a global economy.

  • Economic context: When used in an economic context, globalization refers to the increasing mobility of national resources and the increasing interdependence and integration of national economies.

  • Historical background: Globalization is not a new phenomenon, as civilizations have traded throughout recorded history. However, the level of integration achieved during the second era of globalization has been striking.

  • Connections: Globalization involves the increasing interconnectedness of people, goods, and services across the globe. It is a social and cultural process in which individuals of different cultural backgrounds interact with each other in all spheres of life.

  • Controversies: Critics of globalization argue that it can lead to colonization, Americanization, and the spread of a hegemonic discourse. However, proponents argue that it can bring about economic growth and cultural exchange.

In summary, globalization is a complex and multifaceted process that involves the expansion of global linkages, the growth of a global economy, and the increasing interconnectedness of people, goods, and services across the globe.