Defining Globalization Concepts

Defining Globalization

• Globalization is a global movement towards integration of the economy, finance, commerce, and communication.
• Globalization means opening local and nationalistic perspectives to a broader view of an interconnected and interdependent world with free transfers of capital, goods, and services across national borders.

Key Concepts

• Expansion and Intensification of Social Relations: Refers to the growth of social connections and consciousness across the world, spanning time and space.
• Solidity: Represents barriers that hinder or prevent the movement of things, both natural and man-made.
• Liquidity: Highlights the increasing ease of movement for people, goods, information, and ideas in the contemporary world.
• Flows: Describes the movement of people, things, places, and information facilitated by increasingly porous global limitations.

Types of Globalization

• Economic Globalization: Refers to the widespread international movement of goods, capital, services, technology, and information. It is characterized by increasing integration and interdependence of national, regional, and local economies through intensified cross-border movement.
• Cultural Globalization: Involves the transmission and spread of ideas, meanings, and values around the world. This process is fueled by common consumption of cultures diffused through the internet, popular culture media, and international travel.
• Political Globalization: Encompasses the growth of the worldwide political system, both in size and complexity. This includes national governments, their governmental and intergovernmental organizations.

Facilitators of Globalization

• Technological Developments: Technological advancements play a crucial role in facilitating and driving globalization processes.

Example: 2019 Internet Minute

• This example highlights the immense connectivity and speed of information exchange in the contemporary world, demonstrating the vast interconnectedness through diverse online activities within a single minute.
• Examples include:
  • 3.8 million Google searches
  • 694,444 hours of Netflix watched
  • 996,956 dollars spent online
  • 2.1 million snaps created
  • 41.6 million messages sent
  • 4.8 million gifs served
  • 1 million YouTube videos viewed
  • 18.1 million texts sent
  • 4.5 million people logging in
  • 390,030 apps downloaded
  • 347,222 people scrolling Instagram
  • 87,500 people tweeting
  • 1.4 million Tinder swipes
  • 188 million emails sent
  • 1 million music streaming subscriptions
  • 180 smart speakers shipped
  • 41 million views on GIPHY
  • 60 seconds spent on an average social media platform

Defining Globalization

• Globalization is the integration of economies, finance, commerce, and communication on a global scale.
• It expands local and national perspectives to a broader, interconnected world with free movement of capital, goods, and services across borders.

Key Concepts

• Expansion and Intensification of Social Relations: Globalization is characterized by the growth and strengthening of social connections across time and space, transcending traditional boundaries.
• Solidity: Obstacles, both natural and man-made, that hinder movement.
• Liquidity: Increased ease of movement for people, things, information, and places in the contemporary world.
• Flows: The movement of people, things, places, and information facilitated by the decreasing limitations of borders.

Types of Globalization

• Economic Globalization: The international movement of goods, capital, services, technology, and information, leading to interconnected economies.
• Cultural Globalization: The spread of ideas, meanings, and values around the world, facilitated by the internet, media, and travel.
• Political Globalization: The expansion and complexity of the global political system, encompassing national governments and organizations.

Facilitators of Globalization

• Technological Developments: Technological advancements are the primary driving force behind globalization.

Example: 2019 Internet Minute

• This example highlights the interconnectedness of the world through the internet, with various activities happening every minute, illustrating the rapid flow of information.