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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 ...
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.
With early globalization, it was difficult for states to interact with others that were not close. Eventually, technological advances allowed states to learn of others' existence and thus another phase of globalization can occur. The third has to do with inter-dependency, stability, and regularity.
The concept of global cultural flows was introduced by anthropologist Arjun Appadurai in his essay "Disjuncture and difference in the global cultural economy" (1990), in which he argues that people ought to reconsider the Binary oppositions that were imposed through colonialism, such as those of ‘global’ vs. ‘local’, south vs. north, and metropolitan vs. non-metropolitan.
The concept of globalization inspired a number of theories from various schools of thought in communication studies that each emphasize different aspects of globalization. [10] Many globalization theories highlight actors in the business sector as leaders in the processes of global integration.
Understanding the cost of resiliency. One of the more useful frameworks that executives have been using to discuss the cost of reglobalization has been to think of it as an insurance cost. What is ...
Globalization is sometimes perceived as a cause of a phenomenon called the "race to the bottom" that implies that to minimize cost and increase delivery speed, businesses tend to locate operations in countries with the least stringent environmental and labor regulations. Pressure to do this is increased if competitors lower costs by the same means.
Instead of globalization being about networks or a continuous flow, Tsing argues that we should think about it being created in two parts, the outside world (global) and the local. Globalization is seen as a friction between these two social organizations where globalization relies on the local for its success instead of just consuming it. [21]