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Globalization  

Member rating: 5 out of 10 stars (2 votes) | Words: | Submitted: Thu Jul 11 2002

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Globalization Globalization has become one of the principal symbols of economic, cultural and political life in the 21st century. Although there is no precise definition of globalization, due to the complexity of the term and the varying attitudes towards it, put simply it is the process by which nationality is becoming all the time more irrelevant. However, it is obviously more complicated an issue than that, it has also being defined as 'a set of processes which represents a change in the spatial organization of social relations and transactions, expressed in transcontinental or interregional flows and networks of activity'. (Held & McGrew 00:55) Others define it as 'the widening, intensifying, speeding up, and growing impact of world-wide interconnectedness.' (www.polity.co.uk) In layman's terms, globalization is basically the means by which people around the globe are now more connected to each other than ever before. Information and money flow more swiftly than ever and...

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