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Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. [1]
Economic globalization is the intensification and stretching of economic interrelations around the globe. [3] [4] It encompasses such things as the emergence of a new global economic order, the internationalization of trade and finance, the changing power of transnational corporations, and the enhanced role of international economic institutions.
World War I disrupted economic globalization, with countries adopting protectionist policies and trade barriers, slowing global trade. [7] The 1956 invention of containerized shipping and larger ship sizes reduced costs, facilitating global trade. [8] [9] Globalization resumed in the 1970s as governments highlighted trade benefits.
World citizen badge. Global studies – interdisciplinary and multidisciplinary academic study of globalizing forces and trends. Global studies may include the investigation of one or more aspects of globalization, but tend to concentrate on how globalizing trends are redefining the relationships between states, organizations, societies, communities, and individuals, creating new challenges ...
(English version: The History of Development: From Western Origins to Global Faith. London: Zed Books, 2008, Chapter 9). Rothstein, Robert L. (1979) Global Bargaining: UNCTAD and the Quest for a New International Economic Order Princeton: Princeton University Press. (Traces formation of UNCTAD and its role in the NIEO.) ISBN 0-691-02190-2
Globality is the consciousness of the world as a single place. The concept of globality was introduced in the social sciences by British sociologist Roland Robertson.It signifies the spreading and deepening consciousness of the world-as-a-whole and could thus be considered the phenomenological aspect of globalization, which Robertson defined as "the compression of the world and the ...
Europeans, with their global supremacy, imposed their own system and views on others, through envisioning the world as a whole and defining the regions of the world as 'modern' or 'backward'. They saw nation statehood as the best and highest form of political organization, therefore viewing world politics as the result of the pursuit of ...
The Sources of Social Power: Volume 3, Global Empires and Revolution, 1890-1945, Cambridge University Press, 2012. ISBN 978-1107655478. The Sources of Social Power: Volume 4, Globalizations, 1945-2011, Cambridge University Press, 2013. ISBN 978-1-107-61041-5. On Wars. New Haven: Yale University Press, 2023.