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Globalization also captures in its scope the economic and social changes that have come about as a result. Academic journals, newspapers, television specials, . This cargo comes from around the world and contains all kinds of goods and products. Since then, many nations have entered into trade agreements and treaties to promote international tradeInternational TradeInternational Trade refers to the trading or exchange of goods and or services across international borders. Saris are often up to 5 feet long and easily get tangled in washing machines. For their UK market, they played predominantly English rock and pop bands rather than US-based bands. It involves the worldwide integration of technology, ideas, knowledge, capital, human resource and culture. In September 2021United Nations Secretary-General Antnio Guterres issued the report Our Common Agenda. The World Wide Web and the Internet allowed someone in Germany to read about a breaking news story in Bolivia in real time. But a counterpoint to the McDonaldization hypothesis is that McDonalds has, in fact, created local menus to cater to local tastes. To better understand globalization, we will utilize metaphors. Globalization is a crucial concept in economics as it has many pros and cons. In addition, global business expansion requires enormous capital investment coupled with risks like legal compliance or political unrest. When nations connect, they exchange a lot more than the products and services. Here we discuss the top 4 real-life examples of globalization with a detailed explanation. What happens in Afghanistan can affect what happens in the United States. Glocalization: A critical introduction. This article will define, explain and examine all 8 types of globalization. Epochs OF Globalization - EPOCHS OF GLOBALIZATION - Studocu The benefit of this is that its easy and cheap to get investments for new business ventures. International bodies including the United Nations, European Union and World Trade Organization are key multinational organizations designed to facilitate increasing political globalization. EPOCHS OF GLOBALIZATION GLOBLIZATION 1: Globalization 1 refers to the rapid growth in world trade, mainly during the nineteenth century or it can be called the pre-1914 period. The problem they faced was their failure to understand the famous Australian coffee culture. When pizza spread to New York with the cultural diffusion of Italian culture (thanks to the Italian diaspora in the 19th Century), tastes in pizza also evolved. He is the former editor of the Journal of Learning Development in Higher Education. https://helpfulprofessor.com/glocalization-examples/, Glocalization refers to a blend of local and global (glocal) perspectives., The way in which global capitalism incorporates the local., Glocalization means the simultaneity the co-presence of both universalizing and particularizing tendencies.. https://helpfulprofessor.com/author/admin/, Divided Attention: 10 Examples and Overview, Machiavellianism: 10 Examples and Definition, Overgeneralization: 10 Examples and Definition, 17 Gender Stereotype Examples (For Men and Women). The post-war period saw less protectionism and a rapid growth in world Imaginal politics (i.e. Moreover, the sharing of farming techniques, fertilizers, biotechnology, and agricultural practices among the nations facilitated them to grow non-indigenous crops. We cite peer reviewed academic articles wherever possible and reference our sources at the end of our articles. Differing interpretations of re-globalization are thus also about telling stories more efficiently than the competitor or systemic rival, such as the EU branded China in its EU-China strategic outlook of March 2019. Trade and idea exchange now extended to a previously unconnected part of the world, where ships carrying plants, animals, and Spanish silver between the Old World and the New also carried Christian missionaries. 5 Interesting Globalization Examples by Famous Companies International Trade refers to the trading or exchange of goods and or services across international borders. Similarly, in Mexico, where Coca-Cola is enormously popular, even the bottles take on a local (glass) shape that differs from the bottles in other nations. Among them are the conflicts between the U.S. and China (Pacific), the U.S. and Europe (Atlantic), the U.S. and Iran (Middle East) and the Anglo-American West and Russia (Eastern Europe and partly the Balcans). PDF Globalization in Historical Perspective - National Bureau of Economic Globalization is the process of cross-border exchange and free flow of resources between different countries of the world. They focus on one relationship, trade and economic growth, for example, with little analysis of how the interaction of trade and growth might have differing impacts on income inequality, social stability, and war depending on a . While the hamburger is seen as an all-American meal, it has spread around the world. People traveled to nearby and faraway places well before Columbuss voyage, however, exchanging their ideas, products, and customs along the way. 1996 - 2023 National Geographic Society. the redefinition of taxation, privacy and ethico-civic standards for global social networks of strong proto-political impact such as Facebook by the hands of the European Union; the race for the build-up of a space economy by all global economic powers, driven by AI and other technological advances; the new frontier of man-machine convergence promising a new life business in the literal sense, featuring the first, the rise of new ethical challenges by the birth of new interfaces between technology, humans and biology, for example with the coming into existence of, the rise of new techno-ideologies and belief systems with social, political and cultural implications such as. Whereas once McDonalds only existed in the USA and HSBC only existed in the UK, now these companies are all over the world in a globalized economy. By looking at globalization through the lens of these eight types of globalization, you can start to dissect the impacts both positive and negative that globalization has had on our world. Doi: https://digitalcommons.lindenwood.edu/jigs/vol8/iss2/4. https://www.britannica.com/topic/globalization, Stanford Encyclopedia of Philosophy - Globalization, Emory University - Department of Sociology - Globalization, Social Sci LibreTexts - Globalization and Neoliberalism. The host nation receives job creation prospects, advanced technology, a higher standard of living, infrastructural development, and overall economic growth. In other words, a global Westernized culture would replace local and indigenous cultures. V. The post - World War II period. Campbell, J. L. (2004). Free trade, travel, and communication across countries are all examples of globalization. Roudometof, V. (2016). India has a great deal of vegetarians thanks to the preponderance of Hindus and Buddhists. Dr. Chris Drew is the founder of the Helpful Professor. Not to be confused with cultural globalization, sociological globalization refers to the idea that we now live in a shared society. As a result, MTV decided to change its programming for each nation it expanded into.