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 ?
In The Globalizers, Woods successfully marries academic insight and intellectual rigor with popular reportage, making this book not only a commendable feat of scholarship, but also a highly accessible account of the operations of the World Bank and the IMF and their impact on borrowing countries.
In some respects, The Globalizers offers a consolidation of years of thinking and research on the Bank and the Fund.
In mapping the overarching framework of BWI operations, The Globalizers sets out a historical overview of the BWIs (chap.
Our study found that a high proportion of globalizers seemed to have no clear strategy for capturing value through global expansion," says Robert Davidow, the partner in the Financial Services practice of Andersen Consulting who led the research.
The study identified winning globalizers as those companies that entered new markets with a well-defined offering that could exceed the capabilities of local market competitors.
While some successful established industry players have kept pace with the effects of e-commerce, newer globalizers are winning a disproportionate share of customers early in the game through expansion over the Internet.
He 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 in 2007.
neoIT Previews New Book on How Successful Globalizers Realize Superior Returns Compared to their Peers
Vashistha and neoIT COO Eugene Kublanov will soon release their next book: Seven Secrets of Highly Successful Globalizers.
A free copy of the Seven Secrets of Successful Globalizers white paper can be downloaded at: http://www.
Fewer People Below the Poverty Line in Rapid Globalizers
In addition, the most aggressive globalizers have recorded above-average gains in social development as measured by the Human Development Index (HDI) - - a measure created by the United Nations to gauge gains in longevity, literacy rates and overall quality of life.