20 Facts About Globalization

1.

Globalization is primarily an economic process of interaction and integration that is associated with social and cultural aspects.

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2.

Globalization can be on a continuum with the local, national and regional.

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3.

Globalization can refer to those spatial-temporal processes of change which underpin a transformation in the organization of human affairs by linking together and expanding human activity across regions and continents.

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4.

Globalization is the extension of social relations across world-space, defining that world-space in terms of the historically variable ways that it has been practiced and socially understood through changing world-time.

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5.

Globalization asserted that the pace of globalization was quickening and that its impact on business organization and practice would continue to grow.

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6.

Globalization used "political globalization" to refer to the emergence of a transnational elite and a phasing out of the nation-state.

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7.

Globalization believes that the global capital experienced today is due to a new and distinct form of globalization which began in the 1980s.

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8.

Globalization has expanded recreational opportunities by spreading pop culture, particularly via the Internet and satellite television.

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9.

Globalization gave support to the world music phenomenon by allowing music from developing countries to reach broader audiences.

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10.

Globalization is a diverse phenomenon that relates to a multilateral political world and to the increase of cultural objects and markets between countries.

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11.

Globalization has been a gendered process where giant multinational corporations have outsourced jobs to low-wage, low skilled, quota free economies like the ready made garment industry in Bangladesh where poor women make up the majority of labor force.

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12.

Globalization is associated with a dramatic rise in international education.

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13.

Globalization can be spread by Global journalism which provides massive information and relies on the internet to interact, "makes it into an everyday routine to investigate how people and their actions, practices, problems, life conditions, etc.

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14.

Globalization tends to bring people into contact with foreign people and cultures.

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15.

Globalization argues that many of them lack a basic understanding of comparative advantage and its importance in today's world.

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16.

Globalization allows corporations to outsource manufacturing and service jobs from high cost locations, creating economic opportunities with the most competitive wages and worker benefits.

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17.

Globalization's view suggested that globalization would lead to a world where people from all countries will become more integrated and aware of common interests and shared humanity.

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18.

Globalization, according to the sociologist, has turned elites into tourists in their own countries.

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19.

Globalization is thus leading to a type of" environmental apartheid".

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20.

Globalization is associated with a more efficient system of food production.

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