Globalization Cycles. New levels of interconnectedness fostered by globalization are credited for numerous benefits to humanity. Let us look at some real-world examples of globalization in different sectors to understand why it is such an important concept in economics. Its essential features include the cross-border connectivity or integration, free trade environment and interdependency of nations. Its understood to have been happening since the beginning of time but has rapidly accelerated since the 1950s. June 21 is observed as the International Yoga Day across the globe, as declared by the United Nations in 2015. But it also helps to personalize the offerings for local audiences. Let us know if you have suggestions to improve this article (requires login). V. The post - World War II period. Globalization has of course led to great good, too. In modern societies, profound social and economic transformations have occurred in the last two decades. Christianity is an early example of globalization. Thus, while glocalization is seen by some as a middle ground between homogenization and heterogenization, others see it as the slow undermining of indigenous cultures, values, and uniqueness. Brasil - Globalization and democracy Globalization and democracy - SciELO 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). Copyright 2023 . Despite the fact that some populist de-globalizers have recently been replaced by allegedly more moderate forces, such as U.S. President Donald Trump in November 2020, the transition phase of globalization is far from over in the view of most observers, since both re-globalization processes and the crisis of democracy are not dependent on single persons but present deeper-rooted systemic and structural causes of which populists and new strong men are rather the expression than the origin. Tzanelli, R. (2007). In the years ahead, this may also include integrating aspects of globalization with some sort of concept of cosmologization given the potentially imminent expansion of humanity into the surrounding extra-terrestrial space. This is reinforced by globalized media narratives and social sciences analyses which play an increasingly crucial role of self-fulfilling prophecies. Reforming means to overhaul the core institutions of globalization, i.e. the use of large migration flows for the pressure and propaganda of neo-authoritarian systems as for example by Turkey against democracies such as Greece and the EU. It is at the center of the new proxy wars since it is the prerequisite for the long-term perspective of power re-distribution and geo-strategic supremacy. Globalization is the process of cross-border exchange and free flow of resources between different countries of the world. They write new content and verify and edit content received from contributors. As an Amazon Associate I earn from qualifying purchases. PDF Globalization in Historical Perspective - National Bureau of Economic
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