Why does globalization occur

Globalization also captures in its scope the economic and social changes that have come about as a result. It may be pictured as the threads of an immense spider web formed over millennia, with the number and reach of these threads increasing over time. People, money, material goods, ideas, and even disease and devastation have traveled these silken strands, and have done so in greater numbers and with greater speed than ever in the present age.

When did globalization begin? As with future globalizing booms, new technologies played a key role in the Silk Road trade. Advances in metallurgy led to the creation of coins; advances in transportation led to the building of roads connecting the major empires of the day; and increased agricultural production meant more food could be trafficked between locales. Along with Chinese silk, Roman glass, and Arabian spices, ideas such as Buddhist beliefs and the secrets of paper-making also spread via these tendrils of trade.

Unquestionably, these types of exchanges were accelerated in the Age of Exploration, when European explorers seeking new sea routes to the spices and silks of Asia bumped into the Americas instead. From a globalization perspective, regionalization means a world that is less interconnected and has a stronger regional focus. Regionalization can also be analyzed from a corporate perspective. Many world leaders, decision-makers and influential people have spoken about globalization.

Some stand out its positive benefits and others focus deeper on its negative effects. Find below some of the most interesting quotes on this issue. Globalization quote by the former U. S President Bill Clinton??

No generation has had the opportunity, as we now have, to build a global economy that leaves no-one behind. It is a wonderful opportunity, but also a profound responsibility. Globalization quote by Barack Obama , former U. Globalization is a fact, because of technology, because of an integrated global supply chain, because of changes in transportation.

We can create wealth together. The global economy is not a zero-sum game. Globalization quote by the spiritual leader Dalai Lama?? Globalization quote by John Lennon, member of the music band The Beatles?? Nothing to kill or die for.

And no religion, too. Imagine all the people. Living life in peace. I hope someday you will join us. And the world will be as one. Log in and interact with engaging content: show how they matter to you, share your experience First Name. Last Name. What is Globalization? All Definitions of Globalization A Simple Globalization Definition Globalization means the speedup of movements and exchanges of human beings, goods, and services, capital, technologies or cultural practices all over the planet.

Globalization and the G What is the G20? When Did Globalization Begin? The History of Globalization For some people, this global phenomenon is inherent to human nature. Related: Are we living oppositely to sustainable development? Examples of Globalization Concept Map Because of trade developments and financial exchanges, we often think of globalization as an economic and financial phenomenon.

Often referred to as the globalization concept map, s ome examples of globalization are: Economic globalization : is the development of trade systems within transnational actors such as corporations or NGOs; Financial globalization : can be linked with the rise of a global financial system with international financial exchanges and monetary exchanges.

Stock markets, for instance, are a great example of the financially connected global world since when one stock market has a decline, it affects other markets negatively as well as the economy as a whole.

Cultural globalization : refers to the interpenetration of cultures which, as a consequence, means nations adopt principles, beliefs, and costumes of other nations, losing their unique culture to a unique, globalized supra-culture; Political globalization : the development and growing influence of international organizations such as the UN or WHO means governmental action takes place at an international level.

There are other bodies operating a global level such as NGOs like Doctors without borders or Oxfam ; Sociological globalization : information moves almost in real-time, together with the interconnection and interdependence of events and their consequences.

People move all the time too, mixing and integrating different societies; Technological globalization: the phenomenon by which millions of people are interconnected thanks to the power of the digital world via platforms such as Facebook, Instagram, Skype or Youtube. Geographic globalization: is the new organization and hierarchy of different regions of the world that is constantly changing. Moreover, with transportation and flying made so easy and affordable, apart from a few countries with demanding visas, it is possible to travel the world without barely any restrictions; Ecological globalization: accounts for the idea of considering planet Earth as a single global entity — a common good all societies should protect since the weather affects everyone and we are all protected by the same atmosphere.

To this regard, it is often said that the poorest countries that have been polluting the least will suffer the most from climate change. The Benefits of Globalization Globalization has benefits that cover many different areas.

The Engine of Globalization — An Economic Example The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization — A Cultural Example Together with economic and financial globalization, there has obviously also been cultural globalization.

Why Is Globalization Bad? The Negative Effects of Globalization Globalization is a complex phenomenon. The Economic Negative Effects of Globalization Despite its benefits, the economic growth driven by globalization has not been done without awakening criticism.

Globalization, Sustainable Development, and CSR Globalization affects all sectors of activity to a greater or lesser extent. Globalization Quotes by World Influencers Many world leaders, decision-makers and influential people have spoken about globalization. Politic Globalization Quotes Globalization quote by the former U. Image credits to map on Shutterstock , environment pollution on Shutterstock , cultural interaction on Shutterstock , economic globalization on Shutterstock , globalization on Shutterstock and connected world on Shutterstock.

Show how useful this article has been. What Is The Aquaponics System? Definition, Benefits, Weaknesses. Welcome back Log in and interact with engaging content: show how they matter to you, share your experience Login with your email. Forgot Your Password? Enter your email address and we'll send you a link you can use to pick a new password. Learn more about how FutureLearn is transforming access to education. Learn more about this course. Why has globalisation increased? On this step, we'll explore some of the factors that have led to an increase in globalisation.

Globalisation is not a new phenomenon. However the process by which globalisation happens has accelerated in recent years due to some important drivers. Want to keep learning? This content is taken from Coventry University online course,.

Before you leave this step, take another look over each factor — does one stand out to you as being the most important? This content is taken from Coventry University online course. Share this post.

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