Globalization is a process in which economic, political, and socio-cultural relations are established across a long geographic distance. Globalization gains its strength from the possibilities opened up by technologies, strategies and policies. The reality takes effect when the fears, ideas, actions and reactions occur due to globalization. In a fully globalized society, borders no longer protect people, goods, and symbols. The world becomes this worldwide network where the borders fade away. A factor within globalization is consolidation. This is when globalization is forcing companies that used to enjoy protected home markets to compete with foreign rivals. Globalization is something that is acknowledged and then acted upon. When globalization is properly acted upon, political policies begin to affect economic strategies, which then affect social reactions and so on. This process occurs at many different interconnected geographic levels. Globalization is a journey, a proce!
ss, and it is on-going. Globalization is a reality that touches our lives in ways most people never stop to think about.
Some would say that the world was as globalized 100yrs ago as it is today, with trade and migration. In the 1930’s depression, the Nation drew back from their international markets. But the rise of the Western states to build and strengthen international ties in the aftermath of World War II laid the groundwork for today’s globalization. The fall of protectionist barriers has stimulated free movement of capital and paved the way for companies to set up several bases around the world. Today the rise of the Internet has boosted globalization tremendously.
There are two main causes of globalization. The first cause is ‘globalization as a consequence of technological innovation.’ This involves mainly information and communication. This cause has such an impact on mobility and communication that the ‘technological revolution’ imp...