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Introduction to Globalization
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Introduction to Globalization

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Questions and Answers

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?

Anthony McGrrew

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?

    <p>Hyperglobalizers, skeptics, and transformationalists</p> Signup and view all the answers

    Hyper-globalists believe that globalization erodes local cultures.

    <p>True</p> Signup and view all the answers

    What do hyper-globalists believe globalization is characterized by?

    <p>Economic growth and democracy</p> Signup and view all the answers

    How do hyper-globalizers define globalization?

    <p>A new epoch of human history where traditional nation-states are increasingly subject to the global marketplace.</p> Signup and view all the answers

    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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    Related Documents

    module 1 contempo.pdf

    Description

    This quiz explores the key concepts and perspectives on globalization, including definitions, impacts, and various schools of thought. You'll delve into the views of prominent thinkers like Anthony McGrew and Thomas Friedman, and examine the differing perspectives of Hyperglobalists, Sceptics, and Transformationalists. Test your understanding of globalization and its implications for contemporary society.

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