Difference between revisions of "Globalization"
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| − | Globalization has a concept is frequently used without understanding the context in which it applies and its effect on social, political, and economic processes. | + | Globalization has a concept is frequently used without understanding the context in which it applies and its effect on social, political, and economic processes. In a political economic context, Globalization is not a new phenomenon. Ultimately, globalization reduces the effect of distance on social, political, and economic interactions. This is frequently the result of ongoing technological innovation and is most evidenced by the introduction of steamships and rail transportation during the Industrial Revolution. Nowadays, popular opinion states that we are in a new era of globalization with recent innovations in communication and the free flow of ideas through the internet, fiber optic cables, and hand-held devices such as smart-phones. However, the reality is that globalization is an evolving process dependent upon government policies, individual decisions, and market forces that does not simply flow unilaterally with technology. |
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| + | Specifically in regards to international political economy, globalization is important because it represents the vital link between markets and politics. | ||
Revision as of 02:13, 21 September 2010
Globalization has a concept is frequently used without understanding the context in which it applies and its effect on social, political, and economic processes. In a political economic context, Globalization is not a new phenomenon. Ultimately, globalization reduces the effect of distance on social, political, and economic interactions. This is frequently the result of ongoing technological innovation and is most evidenced by the introduction of steamships and rail transportation during the Industrial Revolution. Nowadays, popular opinion states that we are in a new era of globalization with recent innovations in communication and the free flow of ideas through the internet, fiber optic cables, and hand-held devices such as smart-phones. However, the reality is that globalization is an evolving process dependent upon government policies, individual decisions, and market forces that does not simply flow unilaterally with technology.
Specifically in regards to international political economy, globalization is important because it represents the vital link between markets and politics.
