what are some things that contributed to globalization

Globalization – what is it? What is the definition of globalization? Benefits and negative effects? What are the summit examples of globalization? What famous quotes have been said about globalization?

What is Globalization? All Definitions of Globalization

A Simple Globalization Definition

Globalization means the speedup of movements and exchanges (of human beings, goods, and services, capital, technologies or cultural practices) all over the planet. One of the effects of globalization is that it promotes and increases interactions between different regions and populations effectually the globe.

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An Official Definition of Globalization past the World Wellness Organization (WHO)

Co-ordinate to WHO, globalization can be defined every bit " the increased interconnectedness and interdependence of peoples and countries. Information technology is more often than not understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows."

What Is Globalization in the Economy?

Co-ordinate to the Committee for Development Policy (a subsidiary body of the United Nations), from an economic indicate of view, globalization can be defined as:
"(…) the increasing interdependence of world economies equally a consequence of the growing calibration of cross-border trade of bolt and services, the flow of international uppercase and the wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers (…) and the rapid growing significance of data in all types of productive activities and marketization are the two major driving forces for economic globalization."

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What Is Globalization in Geography?

In geography, globalization is defined as the prepare of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive procedure past which exchanges and flows between different parts of the world are intensified.

Globalization and the G20: What is the G20?

The G20 is a global bloc equanimous by the governments and cardinal bank governors from nineteen countries and the European union (Eu). Established in 1999, the G20 gathers the most important industrialized and developing economies to talk over international economic and fiscal stability. Together, the nations of the G20 account for effectually 80% of global economic output, nearly 75 percent of all global trade, and well-nigh two-thirds of the earth's population.

G20 leaders get together in an annual summit to discuss and coordinate pressing global issues of mutual interest. Though economics and merchandise are usually the centerpieces of each top's calendar, issues like climate change, migration policies, terrorism, the future of work, or global wealth are recurring focuses too. Since the G20 leaders represent the "political backbone of the global financial architecture that secures open up markets, orderly capital flows, and a safety internet for countries in difficulty", it is often thanks to bilateral meetings during summits that major international agreements are achieved and that globalization is able to movement forward.

The joint action of G20 leaders has unquestionably been useful to save the global fiscal organization in the 2008/2009 crisis, cheers to trade barriers removal and the implementation of huge fiscal reforms. Nonetheless, the G20 was been struggling to be successful at coordinating monetary and fiscal policies and unable to root out tax evasion and corruption, among other downsides of globalization. Every bit a outcome of this and other failures from the G20 in analogous globalization, popular, nationalist movements beyond the globe accept been defending countries should pursue their interests alone or form fruitful coalitions.

How Do We Make Globalization More than Just?

The ability of countries to rise higher up narrow cocky-involvement has brought unprecedented economic wealth and plenty of applicative scientific progress. However, for different reasons, not everyone has been benefiting the same from globalization and technological change: wealth is unfairly distributed and economic growth came at huge ecology costs. How can countries ascension above narrow self-interest and act together or designing fairer societies and a healthier planet? How practice we make globalization more just?

According to Christine Lagarde, sometime President of the International Budgetary Fund, "debates well-nigh trade and admission to strange goods are equally old as club itself " and history tells united states of america that endmost borders or protectionism policies are not the way to get, as many countries doing it have failed.

Lagarde defends we should pursue globalization policies that extend the benefits of openness and integration while alleviating their side effects. How to brand globalization more than just is a very complex question that involves redesigning economical systems. Only how? That's the question.

Globalization is deeply continued with economic systems and markets, which, on their turn, impact and are impacted by social bug, cultural factors that are hard to overcome, regional specificities, timings of activeness and collaborative networks. All of this requires, on one hand, global consensus and cooperation, and on the other, country-specific solutions, autonomously from a good definition of the adjective "simply".

When Did Globalization Brainstorm? The History of Globalization

For some people, this global phenomenon is inherent to human nature. Because of this, some say globalization begun about 60,000 years ago, at the beginning of human history. Throughout time, man societies' exchanging merchandise has been growing. Since the one-time times, different civilizations have developed commercial trade routes and experienced cultural exchanges. And as well, the migratory phenomenon has also been contributing to these populational exchanges. Especially present, since traveling became quicker, more comfy, and more affordable.

This phenomenon has continued throughout history, notably through war machine conquests and exploration expeditions. Merely it wasn't until technological advances in transportation and advice that globalization speeded up. It was particularly subsequently the second half of the 20th century that earth trades accelerated in such a dimension and speed that the term "globalization" started to exist normally used.

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Examples of Globalization (Concept Map)

Because of trade developments and financial exchanges, we ofttimes call back of globalization as an economic and financial phenomenon. Nonetheless, information technology includes a much wider field than merely flowing of appurtenances, services or capital. Ofttimes referred to as the globalization concept map, southome examples of globalization are:

• Economic globalization: is the development of trade systems inside transnational actors such as corporations or NGOs;
• Financial globalization: can be linked with the rise of a global financial organization with international fiscal exchanges and monetary exchanges. Stock markets, for instance, are a great instance of the financially continued global world since when ane stock market has a decline, it affects other markets negatively every bit well as the economy every bit a whole.
• Cultural globalization: refers to the interpenetration of cultures which, as a consequence, means nations adopt principles, beliefs, and costumes of other nations, losing their unique culture to a unique, globalized supra-culture;
• Political globalization: the development and growing influence of international organizations such as the Un or WHO means governmental action takes place at an international level. There are other bodies operating a global level such every bit NGOs like Doctors without borders or Oxfam;
• Sociological globalization: information moves almost in real-time, together with the interconnection and interdependence of events and their consequences. People movement all the time also, mixing and integrating dissimilar societies;
• Technological globalization: the miracle by which millions of people are interconnected cheers to the power of the digital world via platforms such every bit Facebook, Instagram, Skype or Youtube.
• Geographic globalization: is the new organization and hierarchy of different regions of the globe that is constantly changing. Moreover, with transportation and flying made then easy and affordable, apart from a few countries with demanding visas, it is possible to travel the world without barely any restrictions;
• Ecological globalization: accounts for the idea of considering planet World every bit a single global entity – a common practiced all societies should protect since the weather affects anybody and we are all protected by the same atmosphere. To this regard, it is often said that the poorest countries that take been polluting the least volition suffer the most from climate modify.

The Benefits of Globalization

Globalization has benefits that comprehend many different areas. It reciprocally developed economies all over the world and increased cultural exchanges. It also allowed financial exchanges betwixt companies, changing the paradigm of piece of work. Many people are present citizens of the world. The origin of goods became secondary and geographic distance is no longer a bulwark for many services to happen. Let'south dig deeper.

The Engine of Globalization – An Economic Instance

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a precipitous increase in trade and economical exchanges, just also to a multiplication of fiscal exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, globe exports increased 33-fold. This significantly contributed to increasing the interactions between unlike regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that immune the rapid development of many of the technologies and commodities we have bachelor nowadays.

Knowledge became easily shared and international cooperation amongst the brightest minds speeded things upwardly. According to some analysts, globalization has too contributed to improving global economic atmospheric condition, creating much economic wealth (thas was, nonetheless, unequally distributed – more information ahead).

Globalization Benefits – A Financial Example

At the aforementioned time, finance also became globalized. From the 1980s, driven by neo-liberal policies, the globe of finance gradually opened. Many states, peculiarly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous "3D Policy": Disintermediation, Decommissioning, Deregulation.

The thought was to simplify finance regulations, eliminate mediators and break down the barriers between the world'south fiscal centers. And the goal was to make it easier to substitution capital between the earth's fiscal players. This fiscal globalization has contributed to the ascent of a global financial market in which contracts and capital exchanges have multiplied.

Globalization – A Cultural Example

Together with economic and fiscal globalization, there has evidently likewise been cultural globalization. Indeed, the multiplication of economical and financial exchanges has been followed by an increment in human being exchanges such equally migration, expatriation or traveling. These man exchanges have contributed to the development of cultural exchanges. This ways that different community and habits shared among local communities have been shared among communities that (used to) have different procedures and fifty-fifty dissimilar beliefs.

Proficient examples of cultural globalization are, for instance, the trading of commodities such as coffee or avocados. Coffee is said to be originally from Ethiopia and consumed in the Arabid region. Nonetheless, due to commercial trades after the 11th century, it is present known as a globally consumed commodity. Avocados, for instance, grown more often than not under the tropical temperatures of Mexico, the Dominican Republic or Peru. They started by being produced in modest quantities to supply the local populations but today guacamole or avocado toasts are common in meals all over the world.

At the same fourth dimension, books, movies, and music are at present instantaneously available all around the world thanks to the development of the digital world and the power of the internet. These are perhaps the greatest contributors to the speed at which cultural exchanges and globalization are happening. There are likewise other examples of globalization regarding traditions like Black Fri in the US, the Brazilian Carnival or the Indian Holi Festival. They all were originally created following their countries' local traditions and beliefs but as the world got to know them, they are now common traditions in other countries too.

Why Is Globalization Bad? The Negative Effects of Globalization

Globalization is a complex phenomenon. As such, it has a considerable influence on several areas of contemporary societies. Allow'south accept a expect at some of the main negative effects globalization has had then far.

The Negative Effects of Globalization on Cultural Loss

Apart from all the benefits globalization has had on allowing cultural exchanges information technology besides homogenized the world's cultures. That'southward why specific cultural characteristics from some countries are disappearing. From languages to traditions or even specific industries. That's why according to UNESCO, the mix between the benefits of globalization and the protection of local culture's uniqueness requires a careful approach.

The Economic Negative Furnishings of Globalization

Despite its benefits, the economic growth driven past globalization has not been washed without awakening criticism. The consequences of globalization are far from homogeneous: income inequalities, disproportional wealth and trades that benefit parties differently. In the end, one of the criticisms is that some actors (countries, companies, individuals) benefit more from the phenomena of globalization, while others are sometimes perceived as the "losers" of globalization. Equally a matter of fact, a recent report from Oxfam says that 82% of the world'southward generated wealth goes to ane% of the population.

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The Negative Effects of Globalization on the Environment

Many critics have also pointed out that globalization has negative effects on the environment. Thus, the massive evolution of ship that has been the basis of globalization is also responsible for serious environmental problems such as greenhouse gas emissions, global warming or air pollution.

At the same time, global economical growth and industrial productivity are both the driving force and the major consequences of globalization. They also have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and loss of biodiversity. The worldwide distribution of goods is likewise creating a large garbage problem, especially on what concerns plastic pollution.

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Globalization, Sustainable Evolution, and CSR

Globalization affects all sectors of activity to a greater or bottom extent. Past doing so, its gap with issues that accept to do with sustainable development and corporate social responsibility is short.

By promoting large-scale industrial production and the globalized circulation of appurtenances, globalization is sometimes opposed to concepts such equally resources savings, energy savings or the limitation of greenhouse gases. As a issue, critics of globalization often argue that information technology contributes to accelerating climatic change and that it does non respect the principles of environmental. At the same time, big companies that don't requite local jobs and choose instead to use the manpower of countries with low wages (to have lower costs) or pay taxes in countries with more favorable regulations is also opposed to the criteria of a CSR approach. Moreover, the ideologies of economic growth and the constant pursuit of productivity that come along with globalization, also brand information technology difficult to design a sustainable economy based on resilience.

On the other mitt, globalization is also needed for the transitioning to a more sustainable world, since only a global synergy would really be able to permit a real ecological transition. Bug such as global warming indeed require a coordinated response from all global players: fight against CO2 emissions, reduction of waste product, a transition to renewable energies. The same goes for sea or air pollution, or ocean acidification, problems that tin can't be solved without global activity. The dissemination of greenish ideas also depends on the ability of committed actors to make them heard globally.

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The Road From Globalization to Regionalization

From a globalization perspective, regionalization means a world that is less interconnected and has a stronger regional focus.

Regionalization can as well be analyzed from a corporate perspective. For case, businesses such equally McDonald's or Starbucks don't sell exactly the aforementioned products everywhere. In some specific stores, they consider people's regional habits. That's why the McChicken isn't sold in India, whereas in Portugal there's a steak sandwich carte like the ones you tin go far a typical Portuguese eating house.

Politically speaking, when left-wing parties are in power they tend to focus on their country's people, appurtenances and services. Exchanges with the outside world aren't seen as very valuable and importations are often left aside.

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Globalization Quotes by World Influencers

Many world leaders, decision-makers and influential people have spoken about globalization. Some stand out its positive benefits and others focus deeper on its negative effects. Detect below some of the virtually interesting quotes on this issue.

Politic Globalization Quotes

Globalization quote by the former U.Southward President Bill Clinton ??

No generation has had the opportunity, equally we at present have, to build a global economy that leaves no-one behind. It is a wonderful opportunity, but likewise a profound responsibleness.

Globalization quote by Barack Obama, erstwhile U.S. president ??

Globalization is a fact, because of technology, considering of an integrated global supply chain, considering of changes in transportation. And nosotros're non going to be able to build a wall around that.

Globalization quote past Dominique Strauss-Kahn, former International Monetary Fund Managing Director ??

"We can't speak day after solar day most globalization without at the same time having in mind that…we demand multilateral solutions."

Globalization quote by Stephen Harper, sometime Prime Government minister of Canada ??

"We have to remember nosotros're in a global economy. The purpose of financial stimulus is non only to sustain activity in our national economies just to help the global economy likewise, and that'south why it's so critical that measures in those packages avert anything that smacks of protectionism."

Globalization quote by Julia Gillard, Prime Minister of Australia ??

"My guiding principle is that prosperity can exist shared. We can create wealth together. The global economic system is not a null-sum game."

Other Globalization Quotes

Globalization quote by the spiritual leader Dalai Lama ??

"I find that because of modern technological evolution and our global economy, and equally a result of the great increase in population, our world has greatly inverse: information technology has become much smaller. Still, our perceptions have not evolved at the aforementioned pace; we keep to cling to old national demarcations and the one-time feelings of 'us' and 'them'."

The famous German sociologist Ulrich Beck also spoke of globalization ??

"Globalization is non only something that will concern and threaten us in the hereafter, only something that is taking place in the present and to which we must offset open our eyes."

Globalization quote past Bill Gates, owner and former CEO of Microsoft ??

"The fact is that as living standards have risen around the world, world merchandise has been the machinery allowing poor countries to increasingly take care of really basic needs, things like vaccination."

Globalization quote by John Lennon, member of the music ring The Beatles ??

Imagine in that location's no countries. It isn't difficult to do. Nothing to kill or die for. And no religion, as well. Imagine all the people. Living life in peace. Y'all, you may say I'grand a dreamer. But I'one thousand not the but one. I hope anytime you will bring together the states. And the earth volition be equally one

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