Globalization
Economics Globalization – Global Culture The process of globalization transforms individual national economies into one global, interdependent economy. ... “Internationalization” and “globalization” are separate concepts but they are not so sharply different from each other. ... Globalization, however, ignores national boundaries. ... Globalization is not a completely new phenomenon. The end of the last century and the beginning of the current one already had a kind of globalization. ... Globalization is a far more complex and comprehensive process. ... For a generation used to different circumstances, it is difficult to accept the fact that it is now virtually impossible to monitor or control the globalization process. ... At the moment, globalization seems to be an economic and political phenomenon rather than one of culture and art. ... Globalization – Technology There are two factors that above all others result in globalization: technology and liberalization. It has been pointed out that technological development has made globalization possible, while it is the global liberalization of the world economy that is making it happen. Technology is the prime mover of globalization. ... The internet is a particularly obvious global medium; it has become perhaps the most potent symbol of globalization.