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Economic, Cultural & Political Globalization Paper

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GLOBALIZATION

GLOBALIZATON is the process of interaction and integration among people, companies, and

governments worldwide.

It is considered by some as a form of capitalist expansion which entails the integration of local

and national economies into a global, unregulated market economy.

It has grown due to advances in:

• Transportation

• Communication

With increased global interactions comes the growth of international trade, ideas and culture.

There are three types of globalization these include;

1. Economic globalization

2. Cultural globalization

3. Political globalization

1. ECONOMIC GLOBALIZATION;

This refers to widespread of international movement of goods, capital, services, technology and

information.

It has grown at an increased rate due to improvements in the efficiency of long distance

transportation, advances in telecommunication.

IMPACTS OF ECONOMIC GLOBALIZATION:

• Tax havens

• Competitive advantage

• Inequality

• Capital fight

• Global labor and fair trade movements

• Mistreatment

• Health risks

• Global supply chain

• Migration

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2. CULTURAL GLOBALIZATION

Refers to the transmission of ideas, meanings and values around the world in such a way is to

extend and intensify social relations. It is marked by the common consumption of cultures that

has been diffused by the internet, popular culture media and international travel. This has

added to process of commodity exchange and colonization which have a larger history of

carrying cultural movement around the globe.

IMPACTS OF CULTURAL GLOBALIZATION:

• Urbanization and Migration

• Spread of ideas and theories

• Race of ethnic and class systems

• Social inequalities

3. POLITICAL GLOBALIZATION

This refers to the growth of the worldwide political system, both in size and complexity. That

system includes; national governments, their governmental and intergovernmental

organizations as well as government independent elements of global civil society such as

international non-governmental organizations and social movements organizations.

IMPACTS OF POLITICAL GLOBALIZATIONS:

• Loss of autonomy and fragmentation of the social world

• Changes in democratization of the world

• Creation of the global civil society

• Global governance: movement towards political cooperation

• Creation and existence of United Nations

• Social movements such as environmental protection

• Led to the creation of world government like democracy

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GLOBALIZATION GLOBALIZATON is the process of interaction and integration among people, companies, and governments worldwide. It is considered by some as a form of capitalist expansion which entails the integration of local and national economies into a global, unregulated market economy. It has grown due to advances in: • • Transportation Communication With increased global interactions comes the growth of international trade, ideas and culture. There are three types of globalization these include; 1. Economic globalization 2. Cultural globalization 3. Political globalization 1. ECONOMIC GLOBALIZATION; This refers to widespread of international movement of goods, capital, services, technology and information. It has grown at an increased rate due to improvements in the efficiency of long distance transportation, advances in telecommunication. IMPACTS OF ECONOMIC GLOBALIZATION: ? ...
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Tags: globalization Political globalization Cultural Globalization Economic Globalization Impacts of globalization