General Globalization - Conceptualizing Globalization, Is Globalization New?, Implications Of Globalization, Conclusion, Bibliography
process economic
Globalization is a complex and controversial concept. There is little agreement in the literature on what it is, whether it is or is not taking place, whether it is new or old, and if it is good or bad. In its narrower conception, globalization signifies a process of intensification of economic, political, and cultural interconnectedness among the various actors in the global system. In the economic arena, where globalization is pursued more systematically, it represents a process of integration of national economies with the aim of making the global economy develop the capacity to work as a unit.
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The process of intensification of interconnectedness, however, does not come about without certain underlying socioeconomic conditions and policy mechanisms. Globalization, thus, needs to be understood not merely in terms of greater interconnectedness or of creating a single global economic space but also in terms of the underlying context that has made it possible, as well as the institutional ar…
There are lingering questions as to whether or not globalization is new. Some consider it to be not only new but revolutionary. Others, such as Kenneth Waltz, dispute the claim that global interconnectedness has intensified, noting that the current global system has not even attained the level of integration that existed during the pre–World War I era. Waltz also contends that governments n…
Views on the positive or negative impact of globalization are also highly polarized. Proponents credit globalization with promoting global prosperity, peace, stability, and democracy. Critics, however, attribute to globalization a long list of societal ills, including rising inequality and poverty, environmental mismanagement, and the narrowing of the scope of democracy. Some even view it as a vei…
According to the foregoing analysis, globalization is not merely an intensification of global interconnectedness brought about by market forces and technological change. Rather, it is a worldview shaped by capital and hegemonic power that aspires to establish a global system in line with the interests of capital. Capitalism, as a market-oriented system of production, has an inherent globalizing te…
Bienefeld, Manfred. "The New World Order: Echoes of a New Imperialism." Third World Quarterly 15, no. 1 (1994): 31–48. Brittan, Samuel. "Can Democracy Manage an Economy." In The End of the Keynesian Era, edited by Robert Skidelski. New York: Holmes and Meier, 1977. Castells, Manuel. End of Millennium. Malden, Mass.: Blackwell, 1998. Edwards, Sebastian. "Op…
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