Globalization
What is Globalization? Globalization is the process of international integration arising from the interchange of world views, products, ideas, and other aspects of culture. Advances in transportation and telecommunications infrastructure, including the rise of the telegraph and its posterity the Internet, are major factors in globalization, generating further interdependence of economic and cultural activities. Several scholars place the origins of globalization in modern time and others trace its history long before the European age of discovery.
Globalization since 2000: The term globalization has been in increasing use since the mid-1980s and especially since the mid-1990s. In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Further, environmental challenges such as climate change, cross-boundary water, air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment. Thomas L. Friedman, an American journalist and columnist, says that the first phase of globalization was the globalization of countries that lasted from roughly 1400 until World War I. Over this period, the world shrunk from “Size Large” to “Size Medium”. The second phase of globalization was the globalization of companies that lasted from the end of World War II until 2000, as the world shrunk from “Size Medium” to “Size Small”. The newest phase of globalization has continued since 2000, shrinking the world from 'Size Small' to 'Size Tiny'. It is the globalization of individuals. In the second phase, internet and fiber optics made the transformation of the world from size medium to size small. But after 2000,
Globalization since 2000: The term globalization has been in increasing use since the mid-1980s and especially since the mid-1990s. In 2000, the International Monetary Fund (IMF) identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Further, environmental challenges such as climate change, cross-boundary water, air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment. Thomas L. Friedman, an American journalist and columnist, says that the first phase of globalization was the globalization of countries that lasted from roughly 1400 until World War I. Over this period, the world shrunk from “Size Large” to “Size Medium”. The second phase of globalization was the globalization of companies that lasted from the end of World War II until 2000, as the world shrunk from “Size Medium” to “Size Small”. The newest phase of globalization has continued since 2000, shrinking the world from 'Size Small' to 'Size Tiny'. It is the globalization of individuals. In the second phase, internet and fiber optics made the transformation of the world from size medium to size small. But after 2000,