Download Understanding Globalization: Economic, Political, and Social Implications and more Study notes Political Science in PDF only on Docsity! Definitions of Globalization 1. Development of extensive worldwide patterns of economic relationships between nations. 1 2. The movement toward markets or policies that transcend national borders. 2 3. The trend away from distinct national economic units and toward one huge global market. 3 4. The increasing economic, cultural, demographic, political, and environmental interdependence of different places around the world. 4 5. [A] process by which nationality becomes increasingly irrelevant in global production and consumption. 5 6. [T]he inexorable integration of markets, transportation systems, and communication systems to a degree never witnessed before—in a way that is enabling corporations, countries, and individuals to reach around the world farther, faster, deeper, and cheaper than ever before, and in a way that is enabling the world to reach into corporations, countries, and individuals farther, faster, deeper, and cheaper than ever before. 6 7. The worldwide integration of humanity and the compression of both the temporal and spatial dimensions of planetwide human interaction… [It] has aggravated many of the region’s most chronic problems—such as the pronounced degree of economic exploitation and social inequality that have characterized Latin America since it came under European colonial domination in the sixteenth century.7 8. [T]he freedom for my group of companies to invest where it wants when it wants, to produce what it wants, to buy and sell where it wants, and support the fewest restrictions possible coming from labor laws and social conventions. 8 9. Globalization is many things, and much has been written about it and said. But throw all the tomes and studies and placards into a giant tryworks, and you’ll render two simple arguments: Globalization is good because it spreads what is good in America, such as a liberal approach to business, and McDonald’s. Globalization is bad because it spreads what is worst about America, such as a liberal approach to business, and McDonald’s. 9 1 www.investorwiz.com/glossary.htm 2 www.wcit.org/tradeis/glossary.htm 3 enbv.narod.ru/text/Econom/ib/str/261.html 4 formerly at hhhknights.com/geo/4/agterms.htm 5 formerly at www.agtrade.org/glossary_search.cfm 6 Thomas L. Friedman, in Longitudes and Attitudes (source: http://www.thomaslfriedman.com/longitudesprologue.htm) 7 Richard L. Harris, "The Global Context of Contemporary Latin American Affairs," in Capital, Power, and Inequality in Latin America, eds., Sandor Halebsky and Richard L. Harris (Boulder: Westview Press, 1995), 279, 80. quoted in Marc Becker, “Terms and Definitions,” www2.truman.edu/~marc/resources/terms.html 8 Percy Barnevik, President of the ABB Industrial Group, quoted in Sonali's Subversive Thoughts for the Day. http://uprisingradio.org/old/subthoughts/index_2004.html 9 Barry Lynn, “Unmade in America,” Harper’s Magazine June 2002. Definitions of Globalization Analysis / Comparison Analyze the definitions that you have read above. Work with a group. Compare definitions of globalization. What do the definitions have in common? Choose four common issues and write paraphrases in the matrix below. The first one is an example. Common issue Definitions Paraphrased National government s 1, 2, 4, 5 Laws of nations are becoming less important as worldwide policies are developed and national governments become politically interdependent.
