Podcast
Questions and Answers
What is globalization?
What is globalization?
Globalization means increased competition among nations in a more closely intertwined international economy.
Who explained that globalization bridges the gaps between states and societies?
Who explained that globalization bridges the gaps between states and societies?
Anthony McGrrew
According to Thomas Friedman, globalization is described as?
According to Thomas Friedman, globalization is described as?
- An economic fashion
- The shrinking and flattening of the world (correct)
- A regional phenomenon
- A passing trend
What are the three schools of thought regarding globalization?
What are the three schools of thought regarding globalization?
Hyper-globalists believe that globalization erodes local cultures.
Hyper-globalists believe that globalization erodes local cultures.
What do hyper-globalists believe globalization is characterized by?
What do hyper-globalists believe globalization is characterized by?
How do hyper-globalizers define globalization?
How do hyper-globalizers define globalization?
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Study Notes
Introduction to Globalization
- Globalization is a key part of contemporary society, impacting daily lives.
- Anthony McGrrew describes globalization as a "global system" with close connections between nations.
- Globalization is characterized by increased global competition driven by technology and business practices.
- Thomas Friedman views globalization as a process of world "shrinking and flattening" due to increased communication and travel.
- Globalization is viewed as a "new world system" by some, similar to the second industrial revolution.
Definitions and Perspectives of Globalization
- Globalization is characterized by the expansion and acceleration of worldwide interconnectedness in all aspects of social life.
- Different perspectives exist regarding the nature and impact of globalization.
- Three key schools of thought are: Hyperglobalists, Sceptics, and Transformationalists.
Hyperglobalist Perspectives
- These perspectives view globalization as a positive force for economic growth, prosperity, and democracy.
- Hyperglobalists argue that globalization is driven by international capitalism and results in a homogenous global culture.
- They believe national boundaries are becoming less relevant due to the dominance of global markets.
- Some hyperglobalists such as Ohmae, see globalization as a new era where global markets dominate.
- Hyperglobalists argue that nation-states have become less powerful in the era of globalization.
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