Globalization

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Globalization Definition

Globalization is a term that has become a part of the past 20-30 years. Why is there so much about globalization in the media and what is the importance of globalization?

Definition of globalization.

What is globalization?

Globalization has already been existed for hundreds of years. The first signs of globaliztion were trade on Silk-Road, which took place between the 14th and 16th centuries. However, it was only after the industrial revolution that globalization really accelerated, and the world became more closely linked.

With the Internet and other modern communications, globalization has reached completely a new level since the early 1990s.

Globalization describes the gradual international integration between countries and other national and international players. In short, the countries and its citizens live in a global world instead of a limited geographical area. Globalization is an exchange of information and culture through tourism, trade (import / export) and improved communication.

The result of globalization is  that ‘The world is getting smaller’ because of easy and efficient communication despite the geographical distances. The internet is the most important factor for spreading globalization.

We can divide globalization into different categories depending on what it affects and how. Globalization has an impact on unbelievably many factors but has particular influence on the following points:

  • Policy
  • Art and culture
  • Economy
  • Trade and work

Below, the different areas will be outlined focusing on the pros and cons of globalization.

Policy: Politic Globalization

The importance of globalization for policy is about how countries make international agreements, federations, organizations, institutions and common guidelines to improve the international community. A good example of this is the EU and the rules being applied within the EU, such as the internal market and the free movement of goods, capital, labor and services.

Another important international organization and alliance is the United Nations (United Nations), which today consists of 193 member states. The UN’s primary goal is to maintain peace, security, improve and observe human rights. The UN, uses the International Court in The Hague, to ensure that international laws are followed and enforced properly, and that offenders are punished.

The basic idea of NATO (North Atlantic Treaty Organization)  is that an attack on any NATO member country will  be accepted as an attack on the entire NATO Alliance. Therefore, Member States have a certainty that any attack on a single country will be met with the entire Alliance’s response. Thus, attacks can be prevented by the strong deterrence. NATO and similar political and security alliances help reduce the number of international wars and connect the cooperating countries closer.

Pros and Cons Of Globalization

Keywords in the globalization debate

    • Technological advances: The further development of communication technology, transport and energy options.
    • International trade: More and more widespread due to technological development and greater integration of the international community.
    • International organizations: UN, NATO, WTO, EU, etc.
    • Outsourcing.
    • Climate change and the global environmental challenges.