What is the definition of Globalization?

Asked by shobhit singh on April 25th, 2012 @ 12:37 p.m.
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Globalisation can be decribed in a number of ways, but is basically the shrinking barriers between different parts of the world and the increased links found between them. Definitions include: 

- a social process in which the constraints of geography on social and cultural arrangements recede and in which people are increasingly aware that they are receding (Waters 1995)

 

- all those processes by which the peoples of the world are incorporated into a single world society, global society (Albrow 1990)
 
 - economic integration,  achieved in particular through the establishment of a global marketplace marked by free trade and a minimum of regulation
 
- the restructuring of the  nation state in terms of the deregulation of financial controls, the opening of markets, and notions of efficiency, and redefining the core business of the state
 

 

 

Answered by Katherine Mulligan on April 25th, 2012 @ 2:52 p.m.