What is Globalization?

Topics: Globalization, Economics, Economy Pages: 7 (2072 words) Published: April 4, 2014


What is Globalization?

Course: POL101

WHAT IS GLOBALIZATION?

One of the key processes of the world economy at the turn of XX-XXI centuries is progressing globalization, i.e. a qualitatively new stage in the development of the internationalization of economic life. Ambiguous attitude towards globalization, and sometimes diametrically opposed. Some see it as a threat to the world economy, and other means of further progress. But to begin to talk about the positive and negative features of globalization, the first thing we should do is to understand what globalization is? What are its main characteristics? How it manifests itself in the modern world? Thus globalization is the process of global economic, political, cultural and religious integration and unification. Characteristic features of globalization in the world today are the following: Strengthening the role of TNCs

Transnational Companies (TNC) are business enterprises operating in two or more countries, and in operations which contain certain foreign component. Typically, TNCs are national by its capital and international by its place of the application. Currently, 80 % of new technologies are TNCs incomes which in some cases exceed the gross national income of rather large individual countries. Today, it is the owners and developers of such technologies and control the financial markets determine the shape of the world economy. Creating a computer network

Internet - a global computer network, which enables:
Instantly get in touch with anyone at any point of the globe, to conduct online conferences, meetings in real-time multimedia mode, receive access to an unlimited amount of information, communicate with any reference groups and representatives of various elites, thus eliminating the factor status distinctions, be used as a means of recreation and entertainment, act as a teaching tool, exercise of doing business, advertise goods and services, provide mobile communication and comfort of existence, significantly improve the efficiency of interaction between citizens and governments, organize media in real time. And thus, the existence and development of the Internet is an indication of the involvement of countries in the global space. The growth of megacities

Megacities - big cities with developed infrastructure that numbering several million inhabitants. They can be considered as new forms of urbanization. For the countries megacities are intermediaries for entry into the global space and centers of economic, technological, political, and cultural development. Megapolises often become a «state within a state» and even determine the fate of the country. Unfortunately, the growth of megacities leads to negative consequences such as overpopulation, sharp stratification of society (the appearance of the very rich and the very poor), loss of national identity, an increase in crime and reduction of social control. Standardization and unification

Important features of globalization are standardization of industrial products; unification of record keeping, documentation, international law, etc. Standardization is a set of rules designed to ensure cooperation and unambiguous interpretation of the conditions of production, commercial activities, controls and security requirements. Standardization allows to harmonize the various development of independent corporations; use standardized protocols for data exchange; protect, encoding and decoding of information and to carry out coordination that necessary to the process of globalization. Worldwide spread of the English language

In a global society, there is a need for a language understood by all. Allocation of English as a language of world globalization contributed to the following factors: political and military power of countries that speak this language; a strong economy and the effect of TNCs on a global scale; scientific-technical revolution and the availability of high-level scientific and...

References: 1) Nuhovich ES, Smitienko BM, Eskindirov MA “The world economy at the turn of XX-XXI centuries.” (Moscow: Infra-M , 1995 ) p.327
2) Eugene Romm “Economic definition of globalization.” Available at http://globalization.report.ru/material.asp?MID=242 [Accessed on 10 December 2013]
3 )Viktor Kuvaldin “Globalization - the bright future of mankind ?” (Nezavisimaya Gazeta . 2000 . № 10.) p.41
4) Korolev JS “Global Economy: Trends 90s “ ( Moscow: Nauka , 1999) p.219
5) Alan A.Teyt “Globalization - Threat or Opportunity for Europe?” . Available at
http://exsolver.narod.ru/Artical/Ecotheory/europeglob.html [Accessed on 7 December 2013]
6) Anthony Giddens “Globalization of social processes in the modern world”. Available at http://www.ckct.org.ru/study/soc/soc35.shtml [Accessed on 9 December 2013]
7) Bessarabova IS “GLOBALIZATION IN THE MODERN WORLD (linguistic aspects)” Available at http://www.econf.rae.ru/pdf/2005/01/Bessarabova_1.pdf Verified: 18.03.2009 [Accessed on 11 December 2013]
8) http://ru.wikipedia.org/wiki/%C3%EB%EE%E1%E0%EB%E8%E7%E0%F6%E8%FF [Accessed on 7 December 2013]
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Essay on globalization
  • GLOBALIZATION Essay
  • What Is Globalization Essay
  • What Is Globalization Essay
  • Globalization Essay
  • Globalization Essay
  • Globalization Essay
  • Essay on What Is Globalization

Become a StudyMode Member

Sign Up - It's Free