The main characteristics of globalisation

Archaic globalization Archaic globalization conventionally refers to a phase in the history of globalization including globalizing events and developments from the time of the earliest civilizations until roughly the s. This term is used to describe the relationships between communities and states and how they were created by the geographical spread of ideas and social norms at both local and regional levels. The first is the idea of Eastern Origins, which shows how Western states have adapted and implemented learned principles from the East.

The main characteristics of globalisation

However, the opinions expressed here are my own and should not be taken to represent those of the SIOI or anyone else. Globalization or globalisation refers to the increasingly global The main characteristics of globalisation of culture s, people and economic activity.

Most often, it refers to economics: It also involves the freer movement and circulation of workers around the world, delocalization relocation of factory and service providers from one country to another and glocalization of products and services.

Globalization contributes to economic growth in developed and developing countries through increased specialization and the principle of comparative advantage. All this helps to lower the price of goods and thus benefits the consumer and raises the standard of living.

Globalization of financial markets makes money available at low interest rates for investment. The rapid increase in the process of globalization has been the result of a number of factors: Supporters of globalization also argue that it promotes peace.

Today the level of trade between, for example, the US and China or the EU and the Russian Federation is very high, and it is difficult to imagine how such trading partners could become involved in a conflict without seriously damaging their own economies even in a situation like that in Ukraine where tensions are high.

The countries that gain least from globalization will be those least integrated within the global trading system, either by choice by political decision and the maintenance of strong trade barriers or through a lack of the necessary infrastructure e.

The term globalization can also refer to the transnational circulation of ideas, languages, and popular cultureparticularly via the internet and social media or on satellite TV across political borders.

Many Western political commentators identify its most positive effects in the spread of democratic and human rights values at a grass roots level, a phenomenon which authoritarian regimes may find difficult to control.

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Paradoxically, cultural globalization in this sense may actually lead to tension and political instability, at least in the short term, as the rapid changes taking place in the Arab world demonstrate. On the other hand, globalization may lead to a mixing of cultures and an enriched, more vibrant multicultural society.

This is an important argument both for the EU and for a city like New York. Globalization also means the growing role of international organizations, both global and regional, like the UN, the WTO, the IMF or the EU and AU, and the diminishing ability of nation states to confront their problems alone — problems which are now often global challenges requiring international cooperation at an ever increasing level.

Critics of globalization make a series of points: Globalization encourages competition to lower prices. This may damage developed economies with strong social welfare systems which find themselves in competition with countries like China where social welfare costs for companies are small or non-existent, and overheads may also be relatively low.

Many Europeans commentators would argue that this aspect of globalization outweighs the benefits to Western consumers of low-cost goods because European companies will be unable to compete and either close, move their factories and other production facilities abroad where costs are lower, or outsource part, or all, of the production process to other companies located in low-cost areas.

This will lead to more unemployment in the developed economies. They call for trade limits on countries like China until those countries provide their own workers with adequate health care, education and pensions.

The freer movement and circulation of workers around the world has also been criticized as leading to a decline in salaries as workers from the host state compete with migrants often willing, or forced, to work at lower pay rates and usually less organized in terms of unionsand a rise in social tensions between these two groups.

There may also be rising friction due to cultural and linguistic differences. Further criticisms in this field concern the risk of increased threats to security, terrorism and pandemics.

The greater volume of trade makes it difficult for the customs authorities to effectively check the goods being transported and this has, it is argued, made illegal trafficking in drugs, arms, organs and human beings easier.

The same argument is made for the increased number of people moving across borders. Globalization is criticized as producing a tendency towards a global monoculture and the destruction of local cultures and towards a monoculture of crops, which reduces agricultural biodiversity and could put the world at risk of sudden reductions in food production due to crop diseases.

Since the start of the current economic recession in many experts have argued that globalization makes the spread of a financial or economic crisis more likely because of the interconnectedness of the world economy, and thus renders the global trading system less stable, rather than more stable as supporters claim.

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However, other economists point out that this interconnectedness is not a new phenomenon as the Wall Street Crash of and the Depression of the s demonstrates. However, the globalization of financial markets and the removal of or reduction in the rules controlling financial and banking transactions, together with the availability of credit on easy terms to those who were not really credit-worthy led, in the opinion of many critics, to a financial culture of irresponsibility based on short term gains from the stock market and property markets, and lending to high-risk borrowers rather than sound, long term investment of this money in industrial and technological projects and research.Nov 24,  · Globalization has resulted in the blending of cultures and businesssystems.

The main characteristics of globalisation

It has also resulted in the destruction of certaincultural ideals. Globalization has led to . Arguments against globalization highlight problems such as the cost of disruptive economic change including job losses and stagnant wages, the loss of local control over economic policies and developments, the disappearance of old industries, and related erosion of communities.

Globalisation is the increasing interaction of people through the extension of the international flow of such processes as money, ideas, and culture. Globalization is considered to be initially an economic process of integration which has social and cultural aspects as well.

Define globalization and identify the main characteristics of the. Localities being connected with the world by breaking national boundaries; forging of links between one society and another, and between one country and another through international transmission of knowledge, literature, technology, culture and information.

5. Borderless Globe: Breaking of national. Globalization can be manifested in production as well as consumption. Many products are distributed and sold through global markets. The consumers in different places of the planet purchase the same good or service, often under a single brand name like Nike, Coca-Cola or Toyota.

Globalisation accepts and advocates the value of free world, free trade, freedom of access to world markets and a free flow of investments across borders. It stands for integration and democratisation of the world’s culture, economy and infrastructure through global investments.

What are the characteristics of globalization