The term globalization encompasses a range of social, political, and economic changes. Within the section Defining Globalization, we provide an introduction to the key debates. The materials ask what is new, what drives the process, how it changes politics, and how it affects global institutions like the UN.

Globalization expands and accelerates the exchange of ideas and commodities over vast distances. It is common to discuss the phenomenon in highly generalized terms, but globalization’s impacts are often best understood at the local level. Cases of Globalization explore the various manifestations of interconnectedness in the world, noting how globalization affects real people and places.

Etymology:

Globalization reflects the making of something to become worldwide in scope and/or in application. By points of emphasis globalization may be understood in terms of universalizing, westernizing which has often come to be generalized into modernizing.

History:

Economic Globalization is something that has been with the human race ever since the world has begun. From local to global, we could attribute this to the result of human innovation and technological progress. Globalization from the word global means spreading throughout the world, in other words spreading world-wide. The aims of having a ‘globalized community’ is to have interdependence of the entire world and its people from each other with concern for the rest of the world at the expense of national self-development and self-interests.
Globalization creates both winners and losers. This is a view shared by many, but not all, theorists and commentators. There are many trends of thought regarding exactly who the winners and losers may be as well as what may be considered a prize or a punishment. An example is that some may sight the availability if McDonalds fast food throughout the Philippines an enrichment and some may see it as an unwelcome and unsavory invasion of what we have as our own, Jollibee. Comparison between these opinions paints an interesting picture of what Globalization is, what certain parties want it to be seen as and what kind of world it could create. Anthony Giddens says “Globalization, some argue, creates a world of winners and losers, a few on the fast track to prosperity, the majority condemned to a life of misery and despair.” This is a view shared by many theorists, however positive Globalists, perhaps naively, claim Globalization will lead to winnings for all and extreme pessimists exist who see ‘Globalization’ as the path to mass ruin and exploitation and as a vague buzzword umbrella from under which Governments may defend unjust or unpopular policies.

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http://www.federo.com/pages/Africism_and_Globalization.htm

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