What Is Globalization?

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What is globalization? General definition: 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. Tomlinson emphasizes the multidimensionality of globalization: “the economic, the political, the social, the interpersonal, the technological, the environmental, and the cultural”. Globalization is often seen as a consequence of process: “In this here and now, all these different processes might actually happen at the same time. Obviously, there are in the present, traces of what can be described as either Americanization, westernization or McDonaldization, but there are counter processes as well. One could, for example, distinguish what I call here ‘Sushi-nation’: an infiltration of eastern practices such as yoga, food such as sushi, Buddhism, or tai-chi into the western hemisphere. When attention is focused only the present, this leads to a restricted and narrow point of view within society, thus people tend to forget their roots. Therefore, globalization is a combination of all the processes which establish a common and linear behavior: a global consumer society. Globalization impacts: This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. Acceleration of the globalization in the last decades: Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion. Distinguishing this current wave of globalization from earlier ones, author Thomas Friedman has said that today globalization is “farther, faster, cheaper, and deeper.” How and why? This current wave of
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