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It describes the way countries and people of the world interact and integrate. Globalization has many sides and can be economic, political and/or cultural.
Economic globalization is how countries are coming together as one big global economy, making it easier to buy and sell across countries. In the late 20th century, many countries agreed to lower tariffs, or taxes on goods that are imported from other countries. The way Internet and other communication technologies makes it easier for people to buy and sell products from around the world is an example of globalization. Herman E. Daly has said that there is an important difference between internationalization and globalization. Internationalization is about nations working together for the same goals. These are things like treaties, alliances, and other international agreements. Globalization is about making national borders less important for those who want to buy or sell things around the world.
Political globalization is how many institutions and countries now influence the whole world. The United Nations are an example of globalization because most countries of the world are members of its Security Council. This means that they can make other countries follow their rules because if a country doesn't, they can sanction them. This means that the countries in the U.N will punish them by not talking or trading with them.
Cultural globalization is how culture is becoming homogeneous, which means that people from all over the world act in similar way. For example, a lot of people around the world wear T-shirts and jeans and watch Hollywood movies.
Some people, like Noam Chomsky, do not like globalization because they feel it only helps rich people get richer by making poor people poorer. Offshore outsourcing, where companies hire workers in cheaper countries, is often a part of globalization. This sometimes means that some people lose their jobs. Joseph Stiglitz said that international groups like the World Bank and the International Monetary Fund (IMF) have made it harder for poorer nations to get richer. Globalization also means that problems from other countries will affect your country. For example the Global Financial Crisis of 2008 started in the United States but ended up affecting the entire world. Globalization also leads to global brands, like Coca-Cola and McDonald's, taking over smaller, local shops and businesses.
Many countries also dislike it when international organizations tell them what to do. However they have to do so because of sanctions. Many people also criticize the fact that globalization means that fewer people are deciding what happens to everyone when they don't always represent the people they're acting for.
Some critics of globalization also feel that it leads to global brands, like Coca-Cola and McDonald's, taking over smaller, local shops and businesses. They criticize the fact that powerful countries have bigger influence on world culture than others. For example, the United States is the biggest cultural exporter, which means that countries around the world are becoming like the United States. However, this hurts local cultures. Jean Baudrillard believes that globalization hurts local cultures and is the cause of most terrorism. He also believes that most supporters of globalization just want to stay in power.
Others, like Thomas Friedman, believe that globalization can bring people together and make everyone richer without getting rid of local cultures. People who support globalization also believe that it makes war less likely because it is bad for business. Francis Fukuyama also argued that globalization would eventually lead to a system of world governance which would cause wars to end.
Many believe that globalization helps out poorer nations by bringing them business. A report by the World Bank said that poverty in India and Indonesia was cut in half because of globalization. The report also said that people in poorer nations are living longer and better because they were making more money.
- Sheila L. Croucher. Globalization and Belonging: The Politics of Identity a Changing World. Rowman & Littlefield. (2004). p.10
- Daly, Herman (1999). "Globalization versus Internationalization - some implications". Ecological Economics. Elsevier. pp. 31–37. http://www.uvm.edu/%7Ejdericks/EEtheory/Daly_on_Globalization.pdf.
- Chandhoke, Neera. 2005. How Global is Global Civil Society?. Journal of World-Systems Research vol XI number 2 pp.355-371
- Baudrillard, Jean (2002). "The Violence of the Global". Power Inferno. Galilee. pp. 63-83. http://www.egs.edu/faculty/baudrillard/baudrillard-the-violence-of-the-global.html./
- The World is Flat (ISBN 1-59397-668-2), Thomas L. Friedman, pg 421
- Fukuyama, Francis. (1989) The End of History?. The National Interest,
- The World Bank (08-2000). "Poverty in an Age of Globalization". http://www1.worldbank.org/economicpolicy/globalization/documents/povertyglobalization.pdf.
- Peter Berger, Four Faces of Global Culture (The National Interest, Fall 1997).
- Friedman, Thomas L. (2005). The World Is Flat. New York: Farrar, Straus and Giroux.
- Kitching, Gavin (2001). Seeking Social Justice through Globalization. Escaping a Nationalist Perspective. Penn State Press.
- Mander, Jerry; Edward Goldsmith (1996). The case against the global economy : and for a turn toward the local. San Francisco: Sierra Club Books.
- Steger, Manfred (2003). Globalization: A Very Short Introduction. Oxford, New York: Oxford University Press.
- Stiglitz, Joseph E. (2002). Globalization and Its Discontents. New York: W.W. Norton.
- Wolf, Martin (2004). Why Globalization Works. New Haven: Yale University Press.