What Is Globalization?





what is globalization


What is globalization all about? Democratization of technology and information, as well as free trade and open financial markets? Or pandemics, terrorism, and a challenge to tradition and cultural mores? Both. Like a coin, globalization has two sides.

Globalization in its broadest sense is "the crystallization of the globe as a single place." (R. Robertson)

It "involves the inexorable integration of markets, nation-states, and technologies to a degree never witnessed before – in a way that is enabling individuals, corporations, and nation-states to reach around the world farther, faster, deeper, and cheaper than ever before, and in a way that is also producing a powerful backlash from those brutalized or left behind by this new system." (T. Friedman).

Globalization is hardly a new phenomenon. Three centuries or so ago, globalization pros and cons were hotly debated by economists, politicians and philosophers of that time.

One of the earliest manifestations of globalization was increased international trade. The advantages it offered included the import of cheap and hitherto unknown foreign commodities, improvement in the methods of production and in labor productivity, the diffusion of innovations and technology.

On the other hand, the economic interdependence fostered by international trade made a country confronted with the vagaries of the weather or wars dependent on the other countries for food and other products.

What is globalization now? It remains the same highly controversial phenomenon that increases interdependence, interconnectedness and interchangeability and turns us into players on a single global arena.

For example, it was globalization that enabled the Asian economic miracle over the past half-century. And it is globalization that has ruined the well-being of individuals and nations in the course of the recent financial crisis.

Thanks to globalization, you as a customer enjoy more choices and lower prices for goods and services. But as a worker you suffer because labor market competition intensifies, jobs flee to cheaper locations, and factories skip across borders.

Globalization goes far beyond international trade and economics. As goods and services flow across borders, national barriers erode and traditional values and lifestyles change.

Moreover, growing international flows of migrants, increasing trade between nations, and expanding information technology seem to make further globalization irreversible. Its forms will change manifesting, however, the same essence. And there will be both winners and losers of globalization.


Didn't find what you were looking for? Use this search feature to find it.


Back to Translation Fees Page

Return from What Is Globalization Page to Home Page

language niche domination

Not happy with the rates you pay for professional translation? Look for cheaper ways to translate your websites, blogs and articles? Try this translation software.

Even though high-quality, professional translation is rather expensive and takes time to do. If you have neither enough time nor money to spend on professional translators, but are still interested in translation of your website or blog and quality is not of utmost importance to you, check if this software can help you.




Site Build It!

Click here to Order Now!

Almost everyone would like to quit their day job, or work from home, or needs extra money.

What if you could build for yourself an online business that could give a full-time income...

With Site Build It! this dream can become a reality. I do not offer you another get-rich-quick scheme. I am talking about a complete and proven step-by-step process that will require your time and work.

But it is a doable process that has given many people a new income and a shot at a new life. Here's some people who are doing it.

SBI! Results

Site Build It! is more than just hosting or site-building. It provides all the tools you need for getting traffic, sending out e-mails, adding a blog, and monetizing your site. And you don't have to be a techie to use it.

Want to learn more? Take the Video Tour. It will show you what I mean.

Site Build It video tour

Invest the most
important 30 minutes
you will spend online.

Click, sit back, and
understand why SBI!
makes you succeed.

The process works! I know because I've done it myself. You are reading now my site built with the help of Site Build It! tools. Two years ago I have jumped at the opportunity to turn my dreams to reality and have never regretted that decision.

What stops you? You can give yourself this opportunity too!

Site Build It! offers a No-Risk Money-Back Success Guarantee that means you have nothing to lose.

Site Build It!

Click here to Order Now!