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 ?
David Richards and Donald Gelleny in Chapter 3 find that neither trade globalization nor financial globalization has had any impact on respect for human rights (defined as rights against torture, disappearance, extra-judicial killings and political imprisonment) in African and Asian developing states.
In the concluding chapter, Peter Van Ness analyzes globalization and security in East Asia.
Acts 2:1-3; 6-12) To be self conscious about globalization is to be amazed and perplexed by the growing interdependence of the world's diversity and disparity.
For Navix president, Hajime Mastumura, an effective globalization service demands international staff, and Navix employs staff from eight countries in its Tokyo office alone.
The political implications of processes of globalization may present new political problems and challenges that yield changes and transformations in patterns of political agents, structures, and interactions.
Globalization can further be defined as the arrival of 'self-generating capital' at the global level.
A quantification of the level of globalization was enabled at the global scale by the KOF Index of Globalization, which was first introduced in 2002 and updated in 2012 to its current form.
Economist and theologian Albino Barrera offers an insider's look into the dynamics of globalization's economic dimension and shows how this aspect of globalization pushes markets, the public sphere, and individuals in certain directions and so has an impact on public mores.
But we will only have more and better globalization if we have better states.
Bhagwati insists upon treating globalization not merely as a business phenomenon, but also as a political, social and cultural phenomenon.
Human Resources -- Who will do the globalization work in your company?