globalization

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globalization

Operating around the world. Although many large companies have globalized for decades, the Web, more than any other phenomenon, has enabled the smallest company to have a global presence. See localization.

globalization

A mulifaceted process in which the world is becoming more and more interconnected and communication is becoming instanteneous. Aspects of this process include:
  1. the transformation of the spatial arrangement and organization of social relations involving ‘action at a distance’, a stretching of social relations and transactions (and power), including instantaneous communications across time-space;
  2. the increasing extensity, intensity, velocity and impact of global social relations and transactions (see Held et al. 1999);
  3. the creation of new networks and nodes – the ‘network society’ (CASTELLS) – associated with the new levels of dependence on knowledge/ information and ‘expert systems – the ‘information’ or ‘knowledge society’ – as well as the new risks associated with this – RISK SOCIETY;
  4. a dialect between the global and the local in which (consistent with a dialect of power and the duality of structure) the outcome is not a simple triumph of the centre over the periphery, mere Americanization’, or suchlike (see also MCDONALDIZATION).

As Held et al. (1999) suggest, a ‘vibrant’ ongoing debate exists on the characterization of globalization between three groups of theorists:

  1. ‘hyperglobalizers’ (e.g. Ohmae 1990; 1995) for whom global marketization is the main driver;
  2. 'S ceptics’ (notably Hirst and Thompson 1996a and b), who play down the level and distinctiveness of the change;
  3. ‘transformationalists’, including GIDDENS, for whom globalization is a distinctive new phase such that societies and states across the globe are experiencing profound social as well as economic changes – a ‘massive shake-out’ of social relations, economies, governance and politics – as they seek to adapt to an increasingly interconnected but also unpredictable and uncertain world.
References in periodicals archive ?
Although the book has a powerful interpretation condemning the business globalizers and the political and economic conservatism that enabled them, the argument, ultimately, seems overstated.
His thoroughgoing critique of contemporary capitalist social relations takes aim not only at the so-called economic globalizers and the destruction that they have wrought, but also at the proponents of the nebulous "third way" advocated by Tony Blair and other reformist politicians.
One aspect of their argument is that the globalizers want to see the world reshaped in their own image and they are in a battle for dominance against the traditionalists who, they say, cling to the traditional (i.
Such content exists in mainstream media today because--for years and decades--activists as well as small (and yes, independent) media persisted in challenging the power of corporate globalizers while large media outlets hardly could have seemed to care less.
Globalizers such as Scott Miller of the US Alliance for Trade Expansion said that the protesters were acting out of fear and ignorance.
Many mass-service industries not usually associated with the new proletariat behind fast-food and retail counters could be added to the list of potential Concept Globalizers.
Gao also shared his insights and opinions during other key panel sessions, which covered 'Exploring New Frontiers of Growth', 'Setting Course for Smart Growth', 'Chinese Globalizers - Connecting through Corporate Global Citizenship' and 'Chinese Globalizers - Emerging Trends Brainstorming Session'.
He places the blame at the feet of a doctrine he calls "market fundamentalism"--in brief, the belief in natural and naturally efficient markets that the liberal globalizers reject.
Neo Advisory is a consulting and advisory firm that enables organizational transformation by leveraging outsourcing and globalization, while ensuring that their clients become "Great Globalizers.
Ngaire Woods, "The Globalizers in Search of a Future: Four Reasons Why the IMF and the World Bank Must Change, and Four Ways They Can," in Center for Global Development Brief, 20 April 2006.
Vashistha is the author of The Offshore Nation and is in the process of writing a new book, The 7 Secrets of Successful Globalizers, to be published later this year.