Globalization refers to a growing sense of interconnectedness. It is the ways in which developments in one region can rapidly come to have significant consequences for the security and well being of communities in quite distant regions of the globe. It expresses the widening scope, deepening impact and speeding up of interregional flows and networks of interaction within all realms of social activity from the cultural to the criminal. It is not just an economic phenomenon, but includes all the key arenas of modern life: the economic, political, legal, cultural, military and the ecological.
The Four Dimensions of Globalization.
Globalization is characterised by four types of change:.
• It involves a stretching of social, political and economic activities across political frontiers, regions and continents. National sovereignty is becoming increasingly irrelevant.
• It suggests the intensification, or the growing magnitude of interconnectedness, i.e. flows of trade, investment, finance, migration, culture, etc.
• The growing intensity of interdependence as world trade systems of transport and communication increases the speed of the diffusion of ideas, goods, information, capital and people.
• The growing intensity of interdependence with the deepening impact such that the effects of distant events can be highly significant elsewhere and even the most local developments may come to have enormous global consequences. In this sense, the boundaries between domestic matters and global affairs is becoming blurred.
Aspects of Globalization.
• The tendencies for the trans-national corporations to organise production on a global basis: .
(a) TNCs now comprise over 500,000 foreign affiliates established by some 60,000 parent companies based mainly in developed countries. N.b. the expansion of offshore financial markets.
(b) the world's largest non financial TNCs together held U.S $ 1.8 trillion in foreign assets, sold US $2.
Migrations and its effects on people come in many forms. ... Internal migrants include female domestic workers throughout Latin America and the Caribbean. ... Finally, Modernization and Globalization both represent change in society, but they have different effects. ... They are at the mercy of the political powers above them and even natural disasters sometimes. ... This occurs through globalization and modernization. ...
Hurricane Sandy is known as a; "typical late-season post-tropical cyclone", that swept through the Caribbean and up the East Coast of the United States during October of 2012 (Toro, 2013). ... The quantitative data that was gathered for this essay examines approximately how people are deceased, how many people are missing up to date, when the storm was at its worst point (magnitude level) as well as the global and economic costs that were provoked due to the storm. ... Analysis Direct Effects Hurricane Sandy's effects were devastating on not only people but property as well, an...
Objectives With the help of empirical evidence, recent data and statistics and including some new research, this paper provides a critical review on the effects of global integration for developing economies. ... As a positive consequence China has shown remarkable progress that is reflected in its economic performance and prosperity. ... The most striking impact of globalization on India is its transition towards the knowledge economy. ... In a broader perspective, Globalization had its massive impact and India has observed the impact in various sectors like agriculture, industry, education, ...
The $476 billion that tourism generated as recently as the year 2000 speaks of its irrefutable impact on our global economy. ... In October 2000, Club Mediterranee, a resort company, closed fifteen of its holiday villages in the Caribbean, Central America, the Middle East, Europe and Asia. ... This choice of location seems to send a message to Egypt's political leaders and international tourists alike (Macleod, 2005). ... Global tourism has undoubtedly taken a huge hit, but its longterm prognosis is good. ... However, as with most effects of terrorism, the change will likely be tem...
The goal of the USAID is to create political stability by providing humanitarian aid and improving economic activities in developing nations (Murray 2002). ... USAID can trace its beginning back to the Marshall Plan in 1947 (Murray, 2002). ... The RCSA works towards and supports effects to improve the quality of life in the Southern African region. ... Latin America and the Caribbean The third region USAID provides support to is the Latin America and the Caribbean region. ... Even though Valverde (1999) criticized the USAID on its allocation of support to the Latin America and Caribbean regi...
In this region, as well as in the Caribbean, women's access to land and to other property generally takes place through a male relative. ... (Tickner 2001, 82) According to Tickner, new international division of labor has had significant effects on women. (2001, 77) To worsen the problem, women are affected by gender division of labor as well. ... They are made to bear more burdens as well as subsidize men who are linked to the global economy more directly. ... The core and the periphery have come so close together since the global capitalist class was born. The economic interests of its ...
"The Resurgence of Mid-Latitude Attitudes- A Critical Look at Neo-Liberalism and The Opposition to Contemporary Colonialism in Latin America Executive Summary: During the colonial period of Latin America there was a reliance on the economic prosperity of the settlements in the Caribbean and South America by countries of Europe. ... Prior to the 17th century, each country had its own colonies and benefited from its holdings. ... Neo-liberalism, in its clean structure, must be discarded. ... Latin America must consider the global realities of sustainability, information globalization, a...
The rest of the people are from Europe, Asia, Africa, Caribbean, South Central America, the islands of the Pacific and the Middle East came more towards the 18th century. ... This is a political, social, economical and effects that I will be discussing. ... This could open doors for a lot of political and economical issues that the two countries have. ... Some environmentalist point out that the unplanned development of big cities is depleting non renewable natural resources and contributing to global climate change. ... The United States in recent d...
It is often called the Great Exchange because it was one of the vastest global trades in history. ... The exchange of people, plants, and diseases from the Old World irrevocably and dramatically changed ecosystems and global politics became revolutionary for its time. ... Some of the diseases have long-term effects and they are continually on-going. ... European domination and government influenced the Americas in its language, political and legal institutions, trade pattern, and religion. ... The next century, English and French colonists would settle in North America and the Caribbean. ...