Globalisation - A literature review

Essay by rocky_kal_elCollege, UndergraduateA, May 2008

download word file, 5 pages 3.0

John Bodley in his article on "Globalization" [2006] described globalization as the comprehensive emergence of a global society in which economic, political, environmental, and cultural events in one part of the world quickly come to have significance for people in other parts of the world. Globalization is the result of advances in communication, transportation, and information technologies. It describes the growing economic, political, technological, and cultural linkages that connect individuals, communities, businesses, and governments around the world. This is an umbrella term for the complex series of economic, technological, political and as increasing interdependence, interaction and integration among people and companies in disparate locations according to another writer on globalization from Wikipedia encyclopedia 2006. Globalization has led to a variety of opportunities for different persons from different walks of life. Martin Wolf, a financial columnist [2002] propounded that globalization is the great economic event of our era… It is now bringing unprecedented opportunities to billions of people throughout the world.

Then Eduard Shevardnadze, President of Georgia [2002] also mentioned that "We, the people of the Earth, are one large family. The new epoch offers new challenges and new global problems, such as environmental catastrophes, exhaustion of resources, bloody conflicts and poverty." Globalization has swept the nations quite discreetly and as such various countries have all been caught by the various features of globalization.

The Awake magazine 2002 in its article, "Globalization curse or cure" described globalization as the worldwide interdependence of peoples and countries. This process has accelerated dramatically in the past decade or so, largely because of huge advances in technology such as the internet, microchip and even telephone and the television. The article went on to indicate that even though the decisive blocs of the Cold War has disappeared, trade barriers have come down, the world's major financial...