Essay on Globalization for Students and Children

500+ words essay on globalization.

Globalization refers to integration between people, companies, and governments. Most noteworthy, this integration occurs on a global scale. Furthermore, it is the process of expanding the business all over the world. In Globalization, many businesses expand globally and assume an international image. Consequently, there is a requirement for huge investment to develop international companies.

Essay on Globalization

How Globalization Came into Existence?

First of all, people have been trading goods since civilization began. In the 1st century BC, there was the transportation of goods from China to Europe. The goods transportation took place along the Silk Road. The Silk Road route was very long in distance. This was a remarkable development in the history of Globalization. This is because, for the first time ever, goods were sold across continents.

Globalization kept on growing gradually since 1st BC. Another significant development took place in the 7th century AD. This was the time when the religion of Islam spread. Most noteworthy, Arab merchants led to a rapid expansion of international trade . By the 9th century, there was the domination of Muslim traders on international trade. Furthermore, the focus of trade at this time was spices.

True Global trade began in the Age of Discovery in the 15th century. The Eastern and Western continents were connected by European merchants. There was the discovery of America in this period. Consequently, global trade reached America from Europe.

From the 19th century, there was a domination of Great Britain all over the world. There was a rapid spread of international trade. The British developed powerful ships and trains. Consequently, the speed of transportation greatly increased. The rate of production of goods also significantly increased. Communication also got faster which was better for Global trade .

Finally, in 20th and 21st -Century Globalization took its ultimate form. Above all, the development of technology and the internet took place. This was a massive aid for Globalization. Hence, E-commerce plays a huge role in Globalization.

Get the huge list of more than 500 Essay Topics and Ideas

Impact of Globalization

First of all, Foreign Direct Investment (FDI) increases at a great rate. This certainly is a huge contribution of Globalization. Due to FDI, there is industrial development. Furthermore, there is the growth of global companies. Also, many third world countries would also benefit from FDI.

Technological Innovation is another notable contribution of Globalization. Most noteworthy, there is a huge emphasis on technology development in Globalization. Furthermore, there is also technology transfer due to Globalization. The technology would certainly benefit the common people.

The quality of products improves due to Globalization. This is because manufacturers try to make products of high-quality. This is due to the pressure of intense competition. If the product is inferior, people can easily switch to another high-quality product.

To sum it up, Globalization is a very visible phenomenon currently. Most noteworthy, it is continuously increasing. Above all, it is a great blessing to trade. This is because it brings a lot of economic and social benefits to it.

Customize your course in 30 seconds

Which class are you in.

tutor

  • Travelling Essay
  • Picnic Essay
  • Our Country Essay
  • My Parents Essay
  • Essay on Favourite Personality
  • Essay on Memorable Day of My Life
  • Essay on Knowledge is Power
  • Essay on Gurpurab
  • Essay on My Favourite Season
  • Essay on Types of Sports

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download the App

Google Play

Talk to our experts

1800-120-456-456

  • Globalisation Essay

ffImage

Essay on Globalisation

Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is connecting in all areas of human life. It is the process by which other companies or organizations enhance their international reputation or start operating internationally. 

Globalization began thousands of years ago when people and companies bought and sold in distant lands. In the Middle Ages, Central Asia was connected to China and Europe via the famous Silk Road. After World War II and the last two decades, governments of many countries have adopted free-market economies. They have greatly increased their own production potential and created countless new opportunities for international trade and investment. New routes and means to transport goods have been discovered, which has allowed the people to expand their business easily and efficiently. 

The government has reduced all trade barriers and concluded new international agreements to promote trade in goods, services and investment. This profitable action has created opportunities for international trade. In foreign markets, companies with these new opportunities set up new factories and establish production and marketing relationships with foreign partners. Hence, Globalization is defined as an international industrial and financial enterprise.

Overview of Globalization

Globalization means the assimilation of economics and societies through the flow of information, ideas, technologies, goods, services, capital, finance, and people. The real meaning of Globalization in a broad sense is connectivity in all aspects of human life. It is the process where the businesses or other organizations expand international authority or start operating on an international scale.

How the Existence of Globalization Came Into Being?

Globalization had started many thousands of years ago when people and corporations were buying and selling across lands at great distances. In the middle age, Central Asia connected with China and Europe through the famed Silk Road. After the Second World War II and during the last two decades, the governments of many countries have adopted free-market economic systems. They increased their own productive potential immensely and created innumerable new opportunities for international trade and investment.

The governments have reduced all barriers to commerce and established new international agreements to promote trade in goods, services and investments. These beneficial measures gave rise to opportunities for global trade. With these new opportunities in the foreign markets, corporations established new factories and started production and marketing alliances with foreign partners. Hence, Globalization is defined as an international industrial and financial business structure.

Advantages and Disadvantages

The frontiers of the state with increased confidence in the market economy and renewed policies in the private capital and resources, a process of structural adjustment spurred by the studies and with the support of the World Bank and other international organizations have started in many of the developing countries. Globalization has also brought in new opportunities to developing countries. Greater access to developed country markets and technology transfer has promised to improve their productivity and higher standards. 

At the same time, Globalization has also created challenges like growing inequality across and within nations, instability in the financial market and environmental deterioration. Globalization is a fascinating exhibition that can be understood as a global system of competition and connectivity. It has created tough competition among countries and global corporations.

Impact of Globalization in India

The British Colonial rule had destroyed the self-sufficient economy of India and left India to be the poorest Independent country. Our first Prime Minister gave preference to a mixed economy to boost the economic condition of the country. Public sectors were set up along with the private enterprises, but because of the socialistic model of the economy, the new strategy did not produce profitable results. Due to this, a number of public sectors became sick and the growth rates of production began to fall. 

During that time, the poverty of the people in India was increasing at an alarming rate and because of low domestic savings and acute balance of payment crisis, there was no adequate capital for investment. During that time of crisis, Prime Minister PV Narsimha Rao introduced the policy of liberalization, privatization to overcome the financial situation. 

India opened up to Globalization after the economic policy of 1991 came into force. Mounting debts and pressure from the International Monetary Fund drove the nation to go global. The process of Globalization has been an integral part of the recent economic growth of India. Globalization has played a very significant role in the growth of export, leading to the expansion of the job market in India. One of the major sectors of Globalization in India has been in the growth of outsourced IT and Business Process Outsourcing services. There has been an incredible increase in the number of skilled professionals in India employed by domestic and foreign companies to cater service to the customers globally, especially in the USA and Europe. 

There was not a doubt that Globalization in India brought a monumental change in the living standards of the people. People in India realized many benefits from Globalization. The establishment of multinational companies generating billions of jobs and access to umpteen numbers of brands and an increase in the forex reserves of the country took India to a higher platform globally. Despite this monumental change in the economy of the country, India also faced the challenges of severe competition from the foreign market and the domestic producers started fearing marginalization and pulverization because of the better quality products produced by the foreign producers.

Globalization had both desirable and undesirable consequences for India and the world. Even though it has accelerated progress in some countries, it has also widened the gap between the rich and the poor.

The impact of Globalization has been both positive and negative on the entire world, but we can surely hope for more advancement in the global economy due to this process.

arrow-right

FAQs on Globalisation Essay

1. How Did Globalization Help India to Improve the Economic Conditions?

Globalization generated umpteen employment opportunities for the people of India by establishing multinational companies. The policy of liberalization and privatization invited foreign traders to do business with India. This has increased the inflow of men, money, material, labor, technology, etc., from foreign countries to India. People have access to foreign brands and the living standards have improved drastically.

2. How is Globalization a Threat to Domestic Producers?

The domestic producers fear marginalization and pulverization because of the entry of foreign and better quality products.

3. What are the advantages and disadvantages of Globalization?

With increasing confidence in market economies and new policies on private capital and resources, many developing countries are beginning to adapt to developments with the support of the World Bank and other international institutions involved in research and development. Globalization also offers new opportunities for developing countries. Greater access to markets in developed countries and the transfer of technology will increase their productivity and demand.

At the same time, Globalization has created challenges such as increasing inequality between and within countries, instability of financial markets and environmental degradation. Globalization is an interesting exhibition that can also be seen as a system of competition and international relations. This has created intense competition between countries and international companies. 

4. What do you mean by Globalization?

Globalization means the integration of economies and societies through the flow of information, ideas, technology, goods, services, capital, finance, and people. The true meaning of Globalization in a broad sense is a connectedness in all areas of human life. It is the process by which other companies or organizations enhance their international reputation or start operating internationally. Globalization has its own benefits and drawbacks. We can learn more about Globalization and how to write an essay on it in detail on the Vedantu website, which has all the necessary materials that students need in order to write an essay on Globalization. 

5. How can Globalization help India improve its economic situation?

In our present times, Globalization has been a boon to many people as it not only allows companies to expand their business but also makes things accessible for everyone. In a simple sense, we can say that it helps in connecting people with the world. Globalization has created many job opportunities in India through the creation of multinational companies. Policies of liberalization and privatization have encouraged foreign traders to trade with India. This has increased the number of people, money, materials, labor, technology and so on—inflows from abroad to India. People have access to foreign brands and the standard of living has improved significantly.

6. How does Globalization threaten domestic producers?

Domestic producers are afraid of marginalization and due to the entry of foreign and better quality products into the market. Globalization can be associated with increasing income and wealth inequality. Many of the world's poorest people lack access to basic technologies and public goods. They are excluded from treatment. Some critics of globalization point to the loss of economic and cultural diversity as international multinational giants and brands dominate domestic markets in many countries. Globalization can hinder competition if international companies with dominant brands and high technology gain a foothold in key markets, be it telecommunications, the automotive industry, and so on.

7. What are the main industries that have grown tremendously because of Globalization?

The integration of national economies into the global economy is one of the most important developments of the last century. This process of integration, often referred to as Globalization, has manifested itself in a tremendous increase in cross-border trade.

The outsourcing business has grown exponentially due to Globalization. The main industries resulting from Globalization are trade and commerce. Automobile companies, clothing manufacturers and transportation, are the three main industries taken over as a result of Globalization.

Globalization: Definition, Benefits, Effects, Examples – What is Globalization?

  • Publié le 21 January 2019
  • Mis à jour le 25 March 2024

Globalization – what is it? What is the definition of globalization? Benefits and negative effects? What are the top examples of globalization? What famous quotes have been said about globalization?

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. One of the effects of globalization is that it promotes and increases interactions between different regions and populations around the globe.

  • Related: Traveling Today And Tomorrow: Cities And Countries With More Travelers

An Official Definition of Globalization by the World Health Organization (WHO)

According to WHO , globalization can be defined as ” the increased interconnectedness and interdependence of peoples and countries. It is generally understood to include two inter-related elements: the opening of international borders to increasingly fast flows of goods, services, finance, people and ideas; and the changes in institutions and policies at national and international levels that facilitate or promote such flows.”

What Is Globalization in the Economy?

According to the Committee for Development Policy (a subsidiary body of the United Nations), from an economic point of view, globalization can be defined as: “(…) the increasing interdependence of world economies as a result of the growing scale of cross-border trade of commodities and services, the flow of international capital and the wide and rapid spread of technologies. It reflects the continuing expansion and mutual integration of market frontiers (…) and the rapid growing significance of information in all types of productive activities and marketization are the two major driving forces for economic globalization.”

  • Related: Planet VS Economy: How Coronavirus Is Unraveling A Dysfunctional System

What Is Globalization in Geography?

In geography, globalization is defined as the set of processes (economic, social, cultural, technological, institutional) that contribute to the relationship between societies and individuals around the world. It is a progressive process by which exchanges and flows between different parts of the world are intensified.

Globalization and the G20: What is the G20?

The G20 is a global bloc composed by the governments and central bank governors from 19 countries and the European Union (EU). Established in 1999, the G20 gathers the most important industrialized and developing economies to discuss international economic and financial stability. Together, the nations of the G20 account for around 80% of global economic output, nearly 75 percent of all global trade, and about two-thirds of the world’s population.

G20 leaders get together in an annual summit to discuss and coordinate pressing global issues of mutual interest. Though economics and trade are usually the centerpieces of each summit’s agenda, issues like climate change, migration policies, terrorism, the future of work, or global wealth are recurring focuses too. Since the G20 leaders represent the “ political backbone of the global financial architecture that secures open markets, orderly capital flows, and a safety net for countries in difficulty”, it is often thanks to bilateral meetings during summits that major international agreements are achieved and that globalization is able to move forward.

The joint action of G20 leaders has unquestionably been useful to save the global financial system in the 2008/2009 crisis, thanks to trade barriers removal and the implementation of huge financial reforms. Nonetheless, the G20 was been struggling to be successful at coordinating monetary and fiscal policies and unable to root out tax evasion and corruption, among other downsides of globalization. As a result of this and other failures from the G20 in coordinating globalization, popular, nationalist movements across the world have been defending countries should pursue their interests alone or form fruitful coalitions.

How Do We Make Globalization More Just?

The ability of countries to rise above narrow self-interest has brought unprecedented economic wealth and plenty of applicable scientific progress. However, for different reasons, not everyone has been benefiting the same from globalization and technological change: wealth is unfairly distributed and economic growth came at huge environmental costs. How can countries rise above narrow self-interest and act together or designing fairer societies and a healthier planet? How do we make globalization more just?

According to Christine Lagarde , former President of the International Monetary Fund, “ debates about trade and access to foreign goods are as old as society itself ” and history tells us that closing borders or protectionism policies are not the way to go, as many countries doing it have failed.

Lagarde defends we should pursue globalization policies that extend the benefits of openness and integration while alleviating their side effects. How to make globalization more just is a very complex question that involves redesigning economic systems. But how? That’s the question.

Globalization is deeply connected with economic systems and markets, which, on their turn, impact and are impacted by social issues, cultural factors that are hard to overcome, regional specificities, timings of action and collaborative networks. All of this requires, on one hand, global consensus and cooperation, and on the other, country-specific solutions, apart from a good definition of the adjective “just”.

When Did Globalization Begin? The History of Globalization

history globalization definition benefits effects examples

For some people, this global phenomenon is inherent to human nature. Because of this, some say globalization begun about 60,000 years ago, at the beginning of human history. Throughout time, human societies’ exchanging trade has been growing. Since the old times, different civilizations have developed commercial trade routes and experienced cultural exchanges. And as well, the migratory phenomenon has also been contributing to these populational exchanges. Especially nowadays, since traveling became quicker, more comfortable, and more affordable.

This phenomenon has continued throughout history, notably through military conquests and exploration expeditions. But it wasn’t until technological advances in transportation and communication that globalization speeded up. It was particularly after the second half of the 20th century that world trades accelerated in such a dimension and speed that the term “globalization” started to be commonly used.

  • 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. Nonetheless, it includes a much wider field than just flowing of goods, services or capital. 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. It reciprocally developed economies all over the world and increased cultural exchanges. It also allowed financial exchanges between companies, changing the paradigm of work. Many people are nowadays citizens of the world. The origin of goods became secondary and geographic distance is no longer a barrier for many services to happen. Let’s dig deeper.

The Engine of Globalization – An Economic Example

The most visible impacts of globalization are definitely the ones affecting the economic world. Globalization has led to a sharp increase in trade and economic exchanges, but also to a multiplication of financial exchanges.

In the 1970s world economies opened up and the development of free trade policies accelerated the globalization phenomenon. Between 1950 and 2010, world exports increased 33-fold. This significantly contributed to increasing the interactions between different regions of the world.

This acceleration of economic exchanges has led to strong global economic growth. It fostered as well a rapid global industrial development that allowed the rapid development of many of the technologies and commodities we have available nowadays.

Knowledge became easily shared and international cooperation among the brightest minds speeded things up. According to some analysts, globalization has also contributed to improving global economic conditions, creating much economic wealth (thas was, nevertheless, unequally distributed – more information ahead).

Globalization Benefits – A Financial Example

At the same time, finance also became globalized. From the 1980s, driven by neo-liberal policies, the world of finance gradually opened. Many states, particularly the US under Ronald Reagan and the UK under Margaret Thatcher introduced the famous “3D Policy”: Disintermediation, Decommissioning, Deregulation.

The idea was to simplify finance regulations, eliminate mediators and break down the barriers between the world’s financial centers. And the goal was to make it easier to exchange capital between the world’s financial players. This financial globalization has contributed to the rise of a global financial market in which contracts and capital exchanges have multiplied.

Globalization – A Cultural Example

culture globalization definition benefits effects examples

Together with economic and financial globalization, there has obviously also been cultural globalization. Indeed, the multiplication of economic and financial exchanges has been followed by an increase in human exchanges such as migration, expatriation or traveling. These human exchanges have contributed to the development of cultural exchanges. This means that different customs and habits shared among local communities have been shared among communities that (used to) have different procedures and even different beliefs.

Good examples of cultural globalization are, for instance, the trading of commodities such as coffee or avocados. Coffee is said to be originally from Ethiopia and consumed in the Arabid region. Nonetheless, due to commercial trades after the 11th century, it is nowadays known as a globally consumed commodity. Avocados , for instance, grown mostly under the tropical temperatures of Mexico, the Dominican Republic or Peru. They started by being produced in small quantities to supply the local populations but today guacamole or avocado toasts are common in meals all over the world.

At the same time, books, movies, and music are now instantaneously available all around the world thanks to the development of the digital world and the power of the internet. These are perhaps the greatest contributors to the speed at which cultural exchanges and globalization are happening. There are also other examples of globalization regarding traditions like Black Friday in the US , the Brazilian Carnival or the Indian Holi Festival. They all were originally created following their countries’ local traditions and beliefs but as the world got to know them, they are now common traditions in other countries too.

Why Is Globalization Bad? The Negative Effects of Globalization

Globalization is a complex phenomenon. As such, it has a considerable influence on several areas of contemporary societies. Let’s take a look at some of the main negative effects globalization has had so far.

The Negative Effects of Globalization on Cultural Loss

Apart from all the benefits globalization has had on allowing cultural exchanges it also homogenized the world’s cultures. That’s why specific cultural characteristics from some countries are disappearing. From languages to traditions or even specific industries. That’s why according to UNESCO , the mix between the benefits of globalization and the protection of local culture’s uniqueness requires a careful approach.

The Economic Negative Effects of Globalization

Despite its benefits, the economic growth driven by globalization has not been done without awakening criticism. The consequences of globalization are far from homogeneous: income inequalities, disproportional wealth and trades that benefit parties differently. In the end, one of the criticisms is that some actors (countries, companies, individuals) benefit more from the phenomena of globalization, while others are sometimes perceived as the “losers” of globalization. As a matter of fact, a recent report from Oxfam says that 82% of the world’s generated wealth goes to 1% of the population.

  • Related: Globally, Business And Government Lack Trust, A New Survey Shows

The Negative Effects of Globalization on the Environment

environment globalization definition benefits effects examples

At the same time, global economic growth and industrial productivity are both the driving force and the major consequences of globalization. They also have big environmental consequences as they contribute to the depletion of natural resources, deforestation and the destruction of ecosystems and loss of biodiversity . The worldwide distribution of goods is also creating a big garbage problem, especially on what concerns plastic pollution .

  • How Air Pollution And Diabetes Kill Millions Every Year
  • Changing Aircrafts’ Altitude To Reduce The Climatic Impact Of Contrails
  • Are Avocados Truly Sustainable?

Globalization, Sustainable Development, and CSR

Globalization affects all sectors of activity to a greater or lesser extent. By doing so, its gap with issues that have to do with  sustainable development  and  corporate social responsibility  is short.

By promoting large-scale industrial production and the globalized circulation of goods, globalization is sometimes opposed to concepts such as resource savings, energy savings or the limitation of greenhouse gases . As a result, critics of globalization often argue that it contributes to accelerating climate change and that it does not respect the principles of ecology. At the same time, big companies that don’t give local jobs and choose instead to use the manpower of countries with low wages (to have lower costs) or pay taxes in countries with more favorable regulations is also opposed to the criteria of a CSR approach. Moreover, the ideologies of economic growth and the constant pursuit of productivity that come along with globalization, also make it difficult to design a sustainable economy based on  resilience .

On the other hand, globalization is also needed for the transitioning to a more sustainable world, since only a global synergy would really be able to allow a real ecological transition. Issues such as global warming indeed require a coordinated response from all global players: fight against CO2 emissions, reduction of waste, a transition to renewable energies . The same goes for ocean or air pollution, or ocean acidification, problems that can’t be solved without global action. The dissemination of green ideas also depends on the ability of committed actors to make them heard globally.

  • What Are The Benefits Of Having A Network Of CSR Ambassadors?
  • 5 Tips For Organizations To Develop Their CSR Strategy In 2020
  • Top 10 Companies With The Best Corporate (CSR) Reputation In 2020

The Road From Globalization to Regionalization

regionalization globalization definition benefits effects examples

Regionalization can also be analyzed from a corporate perspective. For instance, businesses such as McDonald’s or Starbucks don’t sell exactly the same products everywhere. In some specific stores, they consider people’s regional habits. That’s why the McChicken isn’t sold in India, whereas in Portugal there’s a steak sandwich menu like the ones you can get in a typical Portuguese restaurant.

Politically speaking, when left-wing parties are in power they tend to focus on their country’s people, goods and services. Exchanges with the outside world aren’t seen as very valuable and importations are often left aside.

  • Related: Why Is It Important To Support Local And Small Businesses?

Globalization Quotes by World Influencers

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.

Politic Globalization Quotes

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.S. president ??

Globalization is a fact, because of technology, because of an integrated global supply chain, because of changes in transportation. And we’re not going to be able to build a wall around that.

Globalization quote by Dominique Strauss-Kahn, former International Monetary Fund Managing Director ??

“We can’t speak day after day about globalization without at the same time having in mind that…we need multilateral solutions.”

Globalization quote by Stephen Harper , former Prime Minister of Canada ??

“We have to remember we’re in a global economy. The purpose of fiscal stimulus is not simply to sustain activity in our national economies but to help the global economy as well, and that’s why it’s so critical that measures in those packages avoid anything that smacks of protectionism.”

Globalization quote by Julia Gillard , Prime Minister of Australia ??

“My guiding principle is that prosperity can be shared. We can create wealth together. The global economy is not a zero-sum game.”

Other Globalization Quotes

Globalization quote by the spiritual leader Dalai Lama ??

“I find that because of modern technological evolution and our global economy, and as a result of the great increase in population, our world has greatly changed: it has become much smaller. However, our perceptions have not evolved at the same pace; we continue to cling to old national demarcations and the old feelings of ‘us’ and ‘them’.”

The famous German sociologist Ulrich Beck also spoke of globalization ??

“Globalization is not only something that will concern and threaten us in the future, but something that is taking place in the present and to which we must first open our eyes.”

Globalization quote by Bill Gates, owner and former CEO of Microsoft ??

“The fact is that as living standards have risen around the world, world trade has been the mechanism allowing poor countries to increasingly take care of really basic needs, things like vaccination.”

Globalization quote by John Lennon, member of the music band The Beatles ??

Imagine there’s no countries. It isn’t hard to do. Nothing to kill or die for. And no religion, too. Imagine all the people. Living life in peace. You, you may say I’m a dreamer. But I’m not the only one. I hope someday you will join us. And the world will be as one

ENCYCLOPEDIC ENTRY

Globalization.

Globalization is a term used to describe the increasing connectedness and interdependence of world cultures and economies.

Anthropology, Sociology, Social Studies, Civics, Economics

Freight Trains

Freight trains waiting to be loaded with cargo to transport around the United Kingdom. This cargo comes from around the world and contains all kinds of goods and products.

Photograph by Bloomberg

Freight trains waiting to be loaded with cargo to transport around the United Kingdom. This cargo comes from around the world and contains all kinds of goods and products.

Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. 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? The Silk Road, an ancient network of trade routes across China, Central Asia, and the Mediterranean used between 50 B.C.E. and 250 C.E., is perhaps the most well-known early example of exchanging ideas, products, and customs. 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. Again, technology played an important role in the maritime trade routes that flourished between old and newly discovered continents. New ship designs and the creation of the magnetic compass were key to the explorers’ successes. 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. The web of globalization continued to spin out through the Age of Revolution, when ideas about liberty , equality , and fraternity spread like fire from America to France to Latin America and beyond. It rode the waves of industrialization , colonization , and war through the eighteenth, nineteenth, and twentieth centuries, powered by the invention of factories, railways, steamboats, cars, and planes. With the Information Age, globalization went into overdrive. Advances in computer and communications technology launched a new global era and redefined what it meant to be “connected.” Modern communications satellites meant the 1964 Summer Olympics in Tokyo could be watched in the United States for the first time. The World Wide Web and the Internet allowed someone in Germany to read about a breaking news story in Bolivia in real time. Someone wishing to travel from Boston, Massachusetts, to London, England, could do so in hours rather than the week or more it would have taken a hundred years ago. This digital revolution massively impacted economies across the world as well: they became more information-based and more interdependent. In the modern era, economic success or failure at one focal point of the global web can be felt in every major world economy. The benefits and disadvantages of globalization are the subject of ongoing debate. The downside to globalization can be seen in the increased risk for the transmission of diseases like ebola or severe acute respiratory syndrome (SARS), or in the kind of environmental harm that scientist Paul R. Furumo has studied in microcosm in palm oil plantations in the tropics. Globalization has of course led to great good, too. Richer nations now can—and do—come to the aid of poorer nations in crisis. Increasing diversity in many countries has meant more opportunity to learn about and celebrate other cultures. The sense that there is a global village, a worldwide “us,” has emerged.

Media Credits

The audio, illustrations, photos, and videos are credited beneath the media asset, except for promotional images, which generally link to another page that contains the media credit. The Rights Holder for media is the person or group credited.

Production Managers

Program specialists, specialist, content production, last updated.

March 6, 2024

User Permissions

For information on user permissions, please read our Terms of Service. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. They will best know the preferred format. When you reach out to them, you will need the page title, URL, and the date you accessed the resource.

If a media asset is downloadable, a download button appears in the corner of the media viewer. If no button appears, you cannot download or save the media.

Text on this page is printable and can be used according to our Terms of Service .

Interactives

Any interactives on this page can only be played while you are visiting our website. You cannot download interactives.

Related Resources

SEP home page

  • Table of Contents
  • Random Entry
  • Chronological
  • Editorial Information
  • About the SEP
  • Editorial Board
  • How to Cite the SEP
  • Special Characters
  • Advanced Tools
  • Support the SEP
  • PDFs for SEP Friends
  • Make a Donation
  • SEPIA for Libraries
  • Entry Contents

Bibliography

Academic tools.

  • Friends PDF Preview
  • Author and Citation Info
  • Back to Top

Globalization

Covering a wide range of distinct political, economic, and cultural trends, the term “globalization” remains crucial to contemporary political and academic debate. In contemporary popular discourse, globalization often functions as little more than a synonym for one or more of the following phenomena: the pursuit of classical liberal (or “free market”) policies in the world economy (“economic liberalization”), the growing dominance of western (or even American) forms of political, economic, and cultural life (“westernization” or “Americanization”), a global political order built on liberal notions of international law (the “global liberal order”), an ominous network of top-down rule by global elites (“globalism” or “global technocracy”), the proliferation of new information technologies (the “Internet Revolution”), as well as the notion that humanity stands at the threshold of realizing one single unified community in which major sources of social conflict have vanished (“global integration”). Globalization is a politically-contested phenomenon about which there are significant disagreements and struggles, with many nationalist and populist movements and leaders worldwide (including Turkey’s Recep Erdoğan, Hungary’s Viktor Orbán, and former US President Donald Trump) pushing back against what they view as its unappealing features.

Fortunately, recent social theory has formulated a more precise concept of globalization than those typically offered by politicians and pundits. Although sharp differences continue to separate participants in the ongoing debate about the term, most contemporary social theorists endorse the view that globalization refers to fundamental changes in the spatial and temporal contours of social existence, according to which the significance of space or territory undergoes shifts in the face of a no less dramatic acceleration in the temporal structure of crucial forms of human activity. Geographical distance is typically measured in time. As the time necessary to connect distinct geographical locations is reduced, distance or space undergoes compression or “annihilation.” The human experience of space is intimately connected to the temporal structure of those activities by means of which we experience space. Changes in the temporality of human activity inevitably generate altered experiences of space or territory. Theorists of globalization disagree about the precise sources of recent shifts in the spatial and temporal contours of human life. Nonetheless, they generally agree that alterations in humanity’s experiences of space and time are working to undermine the importance of local and even national boundaries in many arenas of human endeavor. Since globalization contains far-reaching implications for virtually every facet of human life, it necessarily suggests the need to rethink key questions of normative political theory.

1. Globalization in the History of Ideas

2. globalization in contemporary social theory, 3. the normative challenges of globalization, other internet resources, related entries.

The term globalization has only become commonplace in the last three decades, and academic commentators who employed the term as late as the 1970s accurately recognized the novelty of doing so (Modelski 1972). At least since the advent of industrial capitalism, however, intellectual discourse has been replete with allusions to phenomena strikingly akin to those that have garnered the attention of recent theorists of globalization. Nineteenth and twentieth-century philosophy, literature, and social commentary include numerous references to an inchoate yet widely shared awareness that experiences of distance and space are inevitably transformed by the emergence of high-speed forms of transportation (for example, rail and air travel) and communication (the telegraph or telephone) that dramatically heighten possibilities for human interaction across existing geographical and political divides (Harvey 1989; Kern 1983). Long before the introduction of the term globalization into recent popular and scholarly debate, the appearance of novel high-speed forms of social activity generated extensive commentary about the compression of space.

Writing in 1839, an English journalist commented on the implications of rail travel by anxiously postulating that as distance was “annihilated, the surface of our country would, as it were, shrivel in size until it became not much bigger than one immense city” (Harvey 1996, 242). A few years later, Heinrich Heine, the émigré German-Jewish poet, captured this same experience when he noted: “space is killed by the railways. I feel as if the mountains and forests of all countries were advancing on Paris. Even now, I can smell the German linden trees; the North Sea’s breakers are rolling against my door” (Schivelbusch 1978, 34). Another young German émigré, the socialist theorist Karl Marx, in 1848 formulated the first theoretical explanation of the sense of territorial compression that so fascinated his contemporaries. In Marx’s account, the imperatives of capitalist production inevitably drove the bourgeoisie to “nestle everywhere, settle everywhere, and establish connections everywhere.” The juggernaut of industrial capitalism constituted the most basic source of technologies resulting in the annihilation of space, helping to pave the way for “intercourse in every direction, universal interdependence of nations,” in contrast to a narrow-minded provincialism that had plagued humanity for untold eons (Marx 1848, 476). Despite their ills as instruments of capitalist exploitation, Marx argued, new technologies that increased possibilities for human interaction across borders ultimately represented a progressive force in history. They provided the necessary infrastructure for a cosmopolitan future socialist civilization, while simultaneously functioning in the present as indispensable organizational tools for a working class destined to undertake a revolution no less oblivious to traditional territorial divisions than the system of capitalist exploitation it hoped to dismantle.

European intellectuals have hardly been alone in their fascination with the experience of territorial compression, as evinced by the key role played by the same theme in early twentieth-century American thought. In 1904, the literary figure Henry Adams diagnosed the existence of a “law of acceleration,” fundamental to the workings of social development, in order to make sense of the rapidly changing spatial and temporal contours of human activity. Modern society could only be properly understood if the seemingly irrepressible acceleration of basic technological and social processes was given a central place in social and historical analysis (Adams 1931 [1904]). John Dewey argued in 1927 that recent economic and technological trends implied the emergence of a “new world” no less noteworthy than the opening up of America to European exploration and conquest in 1492. For Dewey, the invention of steam, electricity, and the telephone offered formidable challenges to relatively static and homogeneous forms of local community life that had long represented the main theatre for most human activity. Economic activity increasingly exploded the confines of local communities to a degree that would have stunned our historical predecessors, for example, while the steamship, railroad, automobile, and air travel considerably intensified rates of geographical mobility. Dewey went beyond previous discussions of the changing temporal and spatial contours of human activity, however, by suggesting that the compression of space posed fundamental questions for democracy. Dewey observed that small-scale political communities (for example, the New England township), a crucial site for the exercise of effective democratic participation, seemed ever more peripheral to the great issues of an interconnected world. Increasingly dense networks of social ties across borders rendered local forms of self-government ineffective. Dewey wondered, “How can a public be organized, we may ask, when literally it does not stay in place?” (Dewey 1927, 140). To the extent that democratic citizenship minimally presupposes the possibility of action in concert with others, how might citizenship be sustained in a social world subject to ever more astonishing possibilities for movement and mobility? New high-speed technologies attributed a shifting and unstable character to social life, as demonstrated by increased rates of change and turnover in many arenas of activity (most important perhaps, the economy) directly affected by them, and the relative fluidity and inconstancy of social relations there. If citizenship requires some modicum of constancy and stability in social life, however, did not recent changes in the temporal and spatial conditions of human activity bode poorly for political participation? How might citizens come together and act in concert when contemporary society’s “mania for motion and speed” made it difficult for them even to get acquainted with one another, let alone identify objects of common concern? (Dewey 1927, 140).

The unabated proliferation of high-speed technologies is probably the main source of the numerous references in intellectual life since 1950 to the annihilation of distance. The Canadian cultural critic Marshall McLuhan made the theme of a technologically based “global village,” generated by social “acceleration at all levels of human organization,” the centerpiece of an anxiety-ridden analysis of new media technologies in the 1960s (McLuhan 1964, 103). Arguing in the 1970s and 1980s that recent shifts in the spatial and temporal contours of social life exacerbated authoritarian political trends, the French social critic Paul Virilio seemed to confirm many of Dewey’s darkest worries about the decay of democracy. According to his analysis, the high-speed imperatives of modern warfare and weapons systems strengthened the executive and debilitated representative legislatures. The compression of territory thereby paved the way for executive-centered emergency government (Virilio 1977). But it was probably the German philosopher Martin Heidegger who most clearly anticipated contemporary debates about globalization. Heidegger not only described the “abolition of distance” as a constitutive feature of our contemporary condition, but he linked recent shifts in spatial experience to no less fundamental alterations in the temporality of human activity: “All distances in time and space are shrinking. Man now reaches overnight, by places, places which formerly took weeks and months of travel” (Heidegger 1950, 165). Heidegger also accurately prophesied that new communication and information technologies would soon spawn novel possibilities for dramatically extending the scope of virtual reality : “Distant sites of the most ancient cultures are shown on film as if they stood this very moment amidst today’s street traffic…The peak of this abolition of every possibility of remoteness is reached by television, which will soon pervade and dominate the whole machinery of communication” (Heidegger 1950, 165). Heidegger’s description of growing possibilities for simultaneity and instantaneousness in human experience ultimately proved no less apprehensive than the views of many of his predecessors. In his analysis, the compression of space increasingly meant that from the perspective of human experience “everything is equally far and equally near.” Instead of opening up new possibilities for rich and multi-faceted interaction with events once distant from the purview of most individuals, the abolition of distance tended to generate a “uniform distanceless” in which fundamentally distinct objects became part of a bland homogeneous experiential mass (Heidegger 1950, 166). The loss of any meaningful distinction between “nearness” and “distance” contributed to a leveling down of human experience, which in turn spawned an indifference that rendered human experience monotonous and one-dimensional.

Since the mid-1980s, social theorists have moved beyond the relatively underdeveloped character of previous reflections on the compression or annihilation of space to offer a rigorous conception of globalization. To be sure, major disagreements remain about the precise nature of the causal forces behind globalization, with David Harvey (1989 1996) building directly on Marx’s pioneering explanation of globalization, while others (Giddens 19990; Held, McGrew, Goldblatt & Perraton 1999) question the exclusive focus on economic factors characteristic of the Marxist approach. Nonetheless, a consensus about the basic rudiments of the concept of globalization appears to be emerging.

First, recent analysts associate globalization with deterritorialization , according to which a growing variety of social activities takes place irrespective of the geographical location of participants. As Jan Aart Scholte observes, “global events can – via telecommunication, digital computers, audiovisual media, rocketry and the like – occur almost simultaneously anywhere and everywhere in the world” (Scholte 1996, 45). Globalization refers to increased possibilities for action between and among people in situations where latitudinal and longitudinal location seems immaterial to the social activity at hand. Even though geographical location remains crucial for many undertakings (for example, farming to satisfy the needs of a local market), deterritorialization manifests itself in many social spheres. Business people on different continents now engage in electronic commerce; academics make use of the latest Internet conferencing equipment to organize seminars in which participants are located at disparate geographical locations; the Internet allows people to communicate instantaneously with each other notwithstanding vast geographical distances separating them. Territory in the sense of a traditional sense of a geographically identifiable location no longer constitutes the whole of “social space” in which human activity takes places. In this initial sense of the term, globalization refers to the spread of new forms of non-territorial social activity (Ruggie 1993; Scholte 2000).

Second, theorists conceive of globalization as linked to the growth of social interconnectedness across existing geographical and political boundaries. In this view, deterritorialization is a crucial facet of globalization. Yet an exclusive focus on it would be misleading. Since the vast majority of human activities is still tied to a concrete geographical location, the more decisive facet of globalization concerns the manner in which distant events and forces impact on local and regional endeavors (Tomlinson 1999, 9). For example, this encyclopedia might be seen as an example of a deterritorialized social space since it allows for the exchange of ideas in cyberspace. The only prerequisite for its use is access to the Internet. Although substantial inequalities in Internet access still exist, use of the encyclopedia is in principle unrelated to any specific geographical location. However, the reader may very well be making use of the encyclopedia as a supplement to course work undertaken at a school or university. That institution is not only located at a specific geographical juncture, but its location is probably essential for understanding many of its key attributes: the level of funding may vary according to the state or region where the university is located, or the same academic major might require different courses and readings at a university in China, for example, than in Argentina or Norway. Globalization refers to those processes whereby geographically distant events and decisions impact to a growing degree on “local” university life. For example, the insistence by powerful political leaders in wealthy countries that the International Monetary Fund (IMF) or World Bank recommend to Latin and South American countries that they commit themselves to a particular set of economic policies might result in poorly paid teachers and researchers as well as large, understaffed lecture classes in São Paolo or Lima; the latest innovations in information technology from a computer research laboratory in India could quickly change the classroom experience of students in British Columbia or Tokyo. Globalization refers “to processes of change which underpin a transformation in the organization of human affairs by linking together and expanding human activity across regions and continents” (Held, McGrew, Goldblatt & Perraton 1999, 15). Globalization in this sense is a matter of degree since any given social activity might influence events more or less faraway: even though a growing number of activities seems intermeshed with events in distant continents, certain human activities remain primarily local or regional in scope. Also, the magnitude and impact of the activity might vary: geographically removed events could have a relatively minimal or a far more extensive influence on events at a particular locality. Finally, we might consider the degree to which interconnectedness across frontiers is no longer merely haphazard but instead predictable and regularized (Held, McGrew, Goldblatt & Perraton 1999).

Third, globalization must also include reference to the speed or velocity of social activity. Deterritorialization and interconnectedness initially seem chiefly spatial in nature. Yet it is easy to see how these spatial shifts are directly tied to the acceleration of crucial forms of social activity. As we observed above in our discussion of the conceptual forerunners to the present-day debate on globalization, the proliferation of high-speed transportation, communication, and information technologies constitutes the most immediate source for the blurring of geographical and territorial boundaries that prescient observers have diagnosed at least since the mid-nineteenth century. The compression of space presupposes rapid-fire forms of technology; shifts in our experiences of territory depend on concomitant changes in the temporality of human action. High-speed technology only represents the tip of the iceberg, however. The linking together and expanding of social activities across borders is predicated on the possibility of relatively fast flows and movements of people, information, capital, and goods. Without these fast flows, it is difficult to see how distant events could possibly posses the influence they now enjoy. High-speed technology plays a pivotal role in the velocity of human affairs. But many other factors contribute to the overall pace and speed of social activity. The organizational structure of the modern capitalist factory offers one example; certain contemporary habits and inclinations, including the “mania for motion and speed” described by Dewey, represent another. Deterritorialization and the expansion of interconnectedness are intimately tied to the acceleration of social life, while social acceleration itself takes many different forms (Eriksen 2001; Rosa 2013). Here as well, we can easily see why globalization is always a matter of degree. The velocity or speed of flows, movements, and interchanges across borders can vary no less than their magnitude, impact, or regularity.

Fourth, even though analysts disagree about the causal forces that generate globalization, most agree that globalization should be conceived as a relatively long-term process . The triad of deterritorialization, interconnectedness, and social acceleration hardly represents a sudden or recent event in contemporary social life. Globalization is a constitutive feature of the modern world, and modern history includes many examples of globalization (Giddens 1990). As we saw above, nineteenth-century thinkers captured at least some of its core features; the compression of territoriality composed an important element of their lived experience. Nonetheless, some contemporary theorists believe that globalization has taken a particularly intense form in recent decades, as innovations in communication, transportation, and information technologies (for example, computerization) have generated stunning new possibilities for simultaneity and instantaneousness (Harvey 1989). In this view, present-day intellectual interest in the problem of globalization can be linked directly to the emergence of new high-speed technologies that tend to minimize the significance of distance and heighten possibilities for deterritorialization and social interconnectedness. Although the intense sense of territorial compression experienced by so many of our contemporaries is surely reminiscent of the experiences of earlier generations, some contemporary writers nonetheless argue that it would be mistaken to obscure the countless ways in which ongoing transformations of the spatial and temporal contours of human experience are especially far-reaching. While our nineteenth-century predecessors understandably marveled at the railroad or the telegraph, a comparatively vast array of social activities is now being transformed by innovations that accelerate social activity and considerably deepen longstanding trends towards deterritorialization and social interconnectedness. To be sure, the impact of deterritorialization, social interconnectedness, and social acceleration are by no means universal or uniform: migrant workers engaging in traditional forms of low-wage agricultural labor in the fields of southern California, for example, probably operate in a different spatial and temporal context than the Internet entrepreneurs of San Francisco or Seattle. Distinct assumptions about space and time often coexist uneasily during a specific historical juncture (Gurvitch 1964). Nonetheless, the impact of recent technological innovations is profound, and even those who do not have a job directly affected by the new technology are shaped by it in innumerable ways as citizens and consumers (Eriksen 2001, 16).

Fifth, globalization should be understood as a multi-pronged process, since deterritorialization, social interconnectedness, and acceleration manifest themselves in many different (economic, political, and cultural) arenas of social activity. Although each facet of globalization is linked to the core components of globalization described above, each consists of a complex and relatively autonomous series of empirical developments, requiring careful examination in order to disclose the causal mechanisms specific to it (Held, McGrew, Goldblatt & Perraton 1999). Each manifestation of globalization also generates distinct conflicts and dislocations. For example, there is substantial empirical evidence that cross-border flows and exchanges (of goods, people, information, etc.), as well as the emergence of directly transnational forms of production by means of which a single commodity is manufactured simultaneously in distant corners of the globe, are gaining in prominence (Castells 1996). High-speed technologies and organizational approaches are employed by transnationally operating firms, the so-called “global players,” with great effectiveness. The emergence of “around-the-world, around-the-clock” financial markets, where major cross-border financial transactions are made in cyberspace at the blink of an eye, represents a familiar example of the economic face of globalization. Global financial markets also challenge traditional attempts by liberal democratic nation-states to rein in the activities of bankers, spawning understandable anxieties about the growing power and influence of financial markets over democratically elected representative institutions. In political life, globalization takes a distinct form, though the general trends towards deterritorialization, interconnectedness across borders, and the acceleration of social activity are fundamental here as well. Transnational movements, in which activists employ rapid-fire communication technologies to join forces across borders in combating ills that seem correspondingly transnational in scope (for example, the depletion of the ozone layer), offer an example of political globalization (Tarrow 2005). Another would be the tendency towards ambitious supranational forms of social and economic lawmaking and regulation, where individual nation-states cooperate to pursue regulation whose jurisdiction transcends national borders no less than the cross-border economic processes that undermine traditional modes of nation state-based regulation. Political scientists typically describe such supranational organizations (the European Union, for example, or United States-Mexico-Canada Agreement, or USMCA) as important manifestations of political and legal globalization. The proliferation of supranational organizations has been no less conflict-laden than economic globalization, however. Critics insist that local, regional, and national forms of self-government are being supplanted by insufficiently democratic forms of global governance remote from the needs of ordinary citizens (Maus 2006; Streeck 2016). In contrast, defenders describe new forms of supranational legal and political decision as indispensable forerunners to more inclusive and advanced forms of self-government, even as they worry about existing democratic deficits and technocratic traits (Habermas 2015).

The wide-ranging impact of globalization on human existence means that it necessarily touches on many basic philosophical and political-theoretical questions. At a minimum, globalization suggests that academic philosophers in the rich countries of the West should pay closer attention to the neglected voices and intellectual traditions of peoples with whom our fate is intertwined in ever more intimate ways (Dallmayr 1998). In this section, however, we focus exclusively on the immediate challenges posed by globalization to normative political theory.

Western political theory has traditionally presupposed the existence of territorially bound communities, whose borders can be more or less neatly delineated from those of other communities. In this vein, the influential liberal political philosopher John Rawls described bounded communities whose fundamental structure consisted of “self-sufficient schemes of cooperation for all the essential purposes of human life” (Rawls 1993, 301). Although political and legal thinkers historically have exerted substantial energy in formulating defensible normative models of relations between states (Nardin and Mapel 1992), like Rawls they typically have relied on a clear delineation of “domestic” from “foreign” affairs. In addition, they have often argued that the domestic arena represents a normatively privileged site, since fundamental normative ideals and principles (for example, liberty or justice) are more likely to be successfully realized in the domestic arena than in relations among states. According to one influential strand within international relations theory, relations between states are more-or-less lawless. Since the achievement of justice or democracy, for example, presupposes an effective political sovereign, the lacuna of sovereignty at the global level means that justice and democracy are necessarily incomplete and probably unattainable there. In this conventional realist view of international politics, core features of the modern system of sovereign states relegate the pursuit of western political thought’s most noble normative goals primarily to the domestic arena (Mearsheimer 2003.) Significantly, some prominent mid-century proponents of international realism rejected this position’s deep hostility to international law and supranational political organization, in part because they presciently confronted challenges that we now typically associate with intensified globalization (Scheuerman 2011).

Globalization poses a fundamental challenge to each of these traditional assumptions. It is no longer self-evident that nation-states can be described as “self-sufficient schemes of cooperation for all the essential purposes of human life” in the context of intense deterritorialization and the spread and intensification of social relations across borders. The idea of a bounded community seems suspect given recent shifts in the spatio-temporal contours of human life. Even the most powerful and privileged political units are now subject to increasingly deterritorialized activities (for example, global financial markets or digitalized mass communication) over which they have limited control, and they find themselves nested in webs of social relations whose scope explodes the confines of national borders. Of course, in much of human history social relations have transcended existing political divides. However, globalization implies a profound quantitative increase in and intensification of social relations of this type. While attempts to offer a clear delineation of the “domestic” from the “foreign” probably made sense at an earlier juncture in history, this distinction no longer accords with core developmental trends in many arenas of social activity. As the possibility of a clear division between domestic and foreign affairs dissipates, the traditional tendency to picture the domestic arena as a privileged site for the realization of normative ideals and principles becomes problematic as well. As an empirical matter, the decay of the domestic-foreign frontier seems highly ambivalent, since it might easily pave the way for the decay of the more attractive attributes of domestic political life: as “foreign” affairs collapse inward onto “domestic” political life, the insufficiently lawful contours of the former make disturbing inroads onto the latter (Scheuerman 2004). As a normative matter, however, the disintegration of the domestic-foreign divide probably calls for us to consider, to a greater extent than ever before, how our fundamental normative commitments about political life can be effectively achieved on a global scale. If we take the principles of justice or democracy seriously, for example, it is no longer self-evident that the domestic arena is the exclusive or perhaps even main site for their pursuit, since domestic and foreign affairs are now deeply and irrevocably intermeshed. In a globalizing world, the lack of democracy or justice in the global setting necessarily impacts deeply on the pursuit of justice or democracy at home. Indeed, it may no longer be possible to achieve our normative ideals at home without undertaking to do so transnationally as well.

To claim, for example, that questions of distributive justice have no standing in the making of foreign affairs represents at best empirical naivete about economic globalization. At worst, it constitutes a disingenuous refusal to grapple with the fact that the material existence of those fortunate enough to live in the rich countries is inextricably tied to the material status of the vast majority of humanity residing in poor and underdeveloped regions. Growing material inequality spawned by economic globalization is linked to growing domestic material inequality in the rich democracies (Falk 1999; Pogge 2002). Similarly, in the context of global warming and the destruction of the ozone layer, a dogmatic insistence on the sanctity of national sovereignty risks constituting a cynical fig leaf for irresponsible activities whose impact extends well beyond the borders of those countries most directly responsible. Global warming and ozone-depletion cry out for ambitious forms of transnational cooperation and regulation, and the refusal by the rich democracies to accept this necessity implies a failure to take the process of globalization seriously when doing so conflicts with their immediate material interests. Although it might initially seem to be illustrative of clever Realpolitik on the part of the culpable nations to ward off strict cross-border environmental regulation, their stubbornness is probably short-sighted: global warming and ozone depletion will affect the children of Americans who drive gas-guzzling SUVs or use environmentally unsound air-conditioning as well as the future generations of South Africa or Afghanistan (Cerutti 2007). If we keep in mind that environmental degradation probably impacts negatively on democratic politics (for example, by undermining its legitimacy and stability), the failure to pursue effective transnational environmental regulation potentially undermines democracy at home as well as abroad.

Philosophers and political theorists have eagerly addressed the normative and political implications of our globalizing world. A lively debate about the possibility of achieving justice at the global level pits representatives of cosmopolitanism against myriad communitarians, nationalists, realists, and others who privilege the nation-state and moral, political, and social ties resting on it (Lieven 2020; Tamir 2019). In contrast, cosmopolitans tend to underscore our universal obligations to those who reside faraway and with whom we may share little in the way of language, custom, or culture, oftentimes arguing that claims to “justice at home” can and should be applied elsewhere as well (Beardsworth 2011; Beitz 1999; Caney 2006; Wallace-Brown & Held 2010). In this way, cosmopolitanism builds directly on the universalistic impulses of modern moral and political thought. Cosmopolitanism’s critics dispute the view that our obligations to foreigners possess the same status as those to members of particular local and national communities of which we remain very much a part. They by no means deny the need to redress global inequality, for example, but they often express skepticism in the face of cosmopolitanism’s tendency to defend significant legal and political reforms as necessary to address the inequities of a planet where millions of people a year die of starvation or curable diseases (Miller 2007; 2013; Nagel 2005). Nor do cosmopolitanism’s critics necessarily deny that the process of globalization is real, though some of them suggest that its impact has been grossly exaggerated (Kymlicka 1999; Nussbaum et al . 1996; Streeck 2016). Nonetheless, they doubt that humanity has achieved a rich or sufficiently articulated sense of a common fate such that far-reaching attempts to achieve greater global justice (for example, substantial redistribution from the rich to poor) could prove successful. Cosmopolitans not only counter with a flurry of universalist and egalitarian moral arguments, but they also accuse their opponents of obscuring the threat posed by globalization to the particular forms of national community whose ethical primacy communitarians, nationalists, and others endorse. From the cosmopolitan perspective, the tendency to favor moral and political obligations to fellow members of the nation-state represents a misguided and increasingly reactionary nostalgia for a rapidly decaying constellation of political practices and institutions.

A similar divide characterizes the ongoing debate about the prospects of democratic institutions at the global level. In a cosmopolitan mode, Daniele Archibugi (2008) and the late David Held (1995) have argued that globalization requires the extension of liberal democratic institutions (including the rule of law and elected representative institutions) to the transnational level. Nation state-based liberal democracy is poorly equipped to deal with deleterious side effects of present-day globalization such as ozone depletion or burgeoning material inequality. In addition, a growing array of genuinely transnational forms of activity calls out for correspondingly transnational modes of liberal democratic decision-making. According to this model, “local” or “national” matters should remain under the auspices of existing liberal democratic institutions. But in those areas where deterritorialization and social interconnectedness across national borders are especially striking, new transnational institutions (for example, cross-border referenda), along with a dramatic strengthening and further democratization of existing forms of supranational authority (in particular, the United Nations), are necessary if we are to assure that popular sovereignty remains an effective principle. In the same spirit, cosmopolitans debate whether a loose system of global “governance” suffices, or instead cosmopolitan ideals require something along the lines of a global “government” or state (Cabrera 2011; Scheuerman 2014). Jürgen Habermas, a prominent cosmopolitan-minded theorist, has tried to formulate a defense of the European Union that conceives of it as a key stepping stone towards supranational democracy. If the EU is to help succeed in salvaging the principle of popular sovereignty in a world where the decay of nation state-based democracy makes democracy vulnerable, the EU will need to strengthen its elected representative organs and better guarantee the civil, political, and social and economic rights of all Europeans (Habermas 2001, 58–113; 2009). Representing a novel form of postnational constitutionalism, it potentially offers some broader lessons for those hoping to save democratic constitutionalism under novel global conditions. Despite dire threats to the EU posed by nationalist and populist movements, Habermas and other cosmopolitan-minded intellectuals believe that it can be effectively reformed and preserved (Habermas 2012).

In opposition to Archibugi, Held, Habermas, and other cosmopolitans, skeptics underscore the purportedly utopian character of such proposals, arguing that democratic politics presupposes deep feelings of trust, commitment, and belonging that remain uncommon at the postnational and global levels. Largely non-voluntary commonalities of belief, history, and custom compose necessary preconditions of any viable democracy, and since these commonalities are missing beyond the sphere of the nation-state, global or cosmopolitan democracy is doomed to fail (Archibugi, Held, and Koehler 1998; Lieven 2020). Critics inspired by realist international theory argue that cosmopolitanism obscures the fundamentally pluralistic, dynamic, and conflictual nature of political life on our divided planet. Notwithstanding its pacific self-understanding, cosmopolitan democracy inadvertently opens the door to new and even more horrible forms of political violence. Cosmpolitanism’s universalistic normative discourse not only ignores the harsh and unavoidably agonistic character of political life, but it also tends to serve as a convenient ideological cloak for terrible wars waged by political blocs no less self-interested than the traditional nation state (Zolo 1997, 24).

Ongoing political developments suggest that such debates are of more than narrow scholarly interest. Until recently, some of globalization’s key prongs seemed destined to transform human affairs in seemingly permanent ways: economic globalization, as well as the growth of a panoply of international and global political and legal institutions, continued to transpire at a rapid rate. Such institutional developments, it should be noted, were interpreted by some cosmopolitan theorists as broadly corroborating their overall normative aspirations. With the resurgence of nationalist and populist political movements, many of which diffusely (and sometimes misleadingly) target elements of globalization, globalization’s future prospects seem increasingly uncertain. For example, with powerful political leaders regularly making disdainful remarks about the UN and EU, it seems unclear whether one of globalization’s most striking features, i.e., enhanced political and legal decision-making “beyond the nation state,” will continue unabated. Tragically perhaps, the failure to manage economic globalization so as to minimize avoidable inequalities and injustices has opened the door to a nationalist and populist backlash, with many people now ready to embrace politicians and movements promising to push back against “free trade,” relatively porous borders (for migrants and refugees), and other manifestations of globalization (Stiglitz 2018). Even if it seems unlikely that nationalists or populists can succeed in fully halting, let alone reversing, structural trends towards deterritorialization, intensified interconnectedness, and social acceleration, they may manage to reshape them in ways that cosmopolitans are likely to find alarming. Whether or not nationalists and populists can successfully respond to many fundamental global challenges (e.g., climate change or nuclear proliferation), however, remains far less likely.

  • Adams, Henry, 1931, The Education of Henry Adams , New York: Modern Library.
  • Appadurai, A., 1996, Modernity At Large: Cultural Dimensions Of Globalization , Minneapolis: University of Minnesota Press.
  • Archibugi, Daniele, 2008, The Global Commonwealth of Citizens: Toward Cosmopolitan Democracy , Princeton: Princeton University Press.
  • Archibugi, Daniele, Held, David, and Koehler, Martin (eds.), 1998, Re-imagining Political Community: Studies in Cosmopolitan Democracy , Stanford: Stanford University Press.
  • Beardsworth, Richard, 2011, Cosmopolitanism and International Relations Theory , Cambridge: Polity Press.
  • Beitz, Charles, 1999, Political Theory and International Relations , Princeton: Princeton University Press.
  • Brown, Garrett W., and Held, David, 2010, The Cosmopolitanism Reader , Cambridge: Polity Press.
  • Cabrera, Luis (ed.), 2011, Global Governance, Global Government : Institutional Visions for an Evolving World System , Albany: SUNY Press.
  • Caney, Simon, 2005, Justice Beyond Borders , Oxford: Oxford University Press.
  • Castells, Manuel, 1996, The Rise of Network Society , Oxford: Blackwell.
  • Cerutti, Furio, 2007, Global Challenges for Leviathan: A Political Philosophy of Nuclear Weapons and Global Warming , Lanham, MD: Lexington Books.
  • Dallmayr, Fred, 1998, Alternative Visions: Paths in the Global Village , Lanham, MD: Rowman & Littlefield.
  • Dewey, John, 1927, The Public and Its Problems , Athens, OH: Swallow Press, 1954.
  • Giddens, Anthony, 1990, The Consequences of Modernity , Stanford: Stanford University Press.
  • Eriksen, Thomas Hylland, 2001, Tyranny of the Moment: Fast and Slow Time in the Information Age , London: Pluto Press.
  • Falk, Richard, 1999, Predatory Globalization , Cambridge: Polity Press.
  • Gurvitch, Georges, 1965, The Spectrum of Social Time , Dordrecht: Reidel.
  • Habermas, Jürgen, 2001, The Postnational Constellation: Political Essays , Cambridge, MA: MIT Press.
  • –––, 2009, Europe: The Faltering Project , Cambridge: Polity Press.
  • –––, 2012, The Crisis of the European Union , Cambridge: Polity Press.
  • –––, 2015, The Lure of Technocracy , Cambridge: Polity Press.
  • Harvey, David, 1989, The Condition of Postmodernity , Oxford: Blackwell.
  • –––, 1996, Justice, Nature, & the Geography of Difference , Oxford: Blackwell.
  • Heidegger, Martin, 1950, “The Thing,” in Poetry, Language, Thought , New York: Harper & Row, 1971.
  • Held, David, 1995, Democracy and the Global Order: From the Modern State to Cosmopolitan Governance , Stanford: Stanford University Press.
  • Held, David, McGrew, Anthony, Goldblatt, David, and Perraton, Jonathan, 1999, Global Transformations: Politics, Economics and Culture , Stanford: Stanford University Press.
  • Kymlicka, Will, 1999, “Citizenship in an Era of Globalization: A Response to Held,” in Ian Shapiro and Casiano Hacker-Cordon (eds.), Democracy’s Edges , Cambridge: Cambridge University Press.
  • Kern, Stephen, 1983, The Culture of Time and Space, 1880–1918 , Cambridge, MA: Harvard University Press.
  • Lieven, Anatol, 2020, Climate Change and the Nation State: The Case for Nationalism in a Warming World , Oxford: Oxford University Press, 2020.
  • Marx, Karl, 1848, “Communist Manifesto,” in Robert Tucker (ed.), The Marx-Engels Reader , New York: Norton, 1979.
  • Maus, Ingeborg, 2006, “From Nation-State to Global State or the Decline of Democracy,” Constellations , 13: 465–84.
  • McLuhan, Marshall, 1964, Understanding Media: The Extensions of Man , New York: McGraw Hill.
  • Mearsheimer, John J., 2003, The Tragedy of Great Politics , New York: Norton.
  • Miller, David, 2007, National Responsibility and Global Justice , Oxford: Oxford University Press.
  • –––, 2013, Justice for Earthlings: Essays in Political Philosophy , Cambridge: Cambridge University Press.
  • Modelski, George, 1972, Principles of World Politics , New York: Free Press.
  • Nagel, Thomas, 2005, “The Problem of Global Justice,” Philosophy and Public Affairs , 33: 113–47.
  • Nardin, Terry and Mapel, David (eds.), 1992, Traditions of International Ethics , Cambridge: Cambridge University Press.
  • Nussbaum, Martha C., et al. , 1996, For Love of Country: Debating the Limits of Patriotism , Boston: Beacon Press.
  • Pogge, Thomas, 2002, World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms , Cambridge: Polity Press.
  • Rawls, John, 1993, Political Liberalism , New York: Columbia University Press.
  • Robertson, R., 1992, Globalization: Social Theory and Global Culture , London: Sage.
  • Rosa, Hartmut, 2013, Social Acceleration: A New Theory of Modernity , New York: Columbia University Press.
  • Ruggie, John Gerard, 1993, “Territoriality and Beyond: Problematizing Modernity in International Relations,” International Organization , 47: 139–74.
  • Scheuerman, William E., 2004, Liberal Democracy and the Social Acceleration of Time , Baltimore: Johns Hopkins Press.
  • –––, 2011, The Realist Case for Global Reform , Cambridge: Polity Press.
  • Scheuerman, William E., 2014, “Cosmopolitanism and the World State,” Review of International Studies , 40: 419–41.
  • Schivelbusch, Wolfgang, 1978, “Railroad Space and Railroad Time,” New German Critique , 14: 31–40.
  • Scholte, Jan Aart, 1996, “Beyond the Buzzword: Towards a Critical Theory of Globalization,” in Eleonore Kofman and Gillians Young (eds.), Globalization: Theory and Practice , London: Pinter.
  • –––, 2000, Globalization: A Critical Introduction , New York: St. Martin’s.
  • Stiglitz, Joseph E., 2018, Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump , New York: Norton & Co.
  • Streeck, Wolfgang, 2016, How Will Capitalism End? New York: Verso Press.
  • Tamir, Yael, 2019, Why Nationalism? Princeton: Princeton University Press.
  • Tarrow, Sydney, 2005, The New Transnational Activism , Cambridge: Cambridge University Press.
  • Tomlinson, John, 1999, Globalization and Culture , Cambridge: Polity Press.
  • Virilio, Paul, 1977, Speed and Politics , New York: Semiotext[e], 1986.
  • Wallace-Brown, Garrett and Held, David (ed.), 2010, The Cosmopolitanism Reader , Cambridge: Polity Press.
  • Zolo, Danilo, 1997, Cosmopolis: Prospects for World Government , Cambridge: Polity Press.
How to cite this entry . Preview the PDF version of this entry at the Friends of the SEP Society . Look up topics and thinkers related to this entry at the Internet Philosophy Ontology Project (InPhO). Enhanced bibliography for this entry at PhilPapers , with links to its database.
  • Global Transformations: Politics, Economics and Culture , by Held, McGrew, Goldblatt, and Perraton. This is the Student Companion Site at wiley.com

communitarianism | cosmopolitanism | democracy | democracy: global | feminist philosophy, topics: perspectives on globalization | justice: climate | justice: global | nationalism | political realism: in international relations | world government

Copyright © 2023 by William Scheuerman < wscheuer @ indiana . edu >

  • Accessibility

Support SEP

Mirror sites.

View this site from another server:

  • Info about mirror sites

The Stanford Encyclopedia of Philosophy is copyright © 2023 by The Metaphysics Research Lab , Department of Philosophy, Stanford University

Library of Congress Catalog Data: ISSN 1095-5054

Globalization and Its Challenges Essay

Globalization is a complex phenomenon which came into existence in the end of the twentieth century. Several decades ago it took days or even weeks for companies located in different countries to make a deal. Now it can be a matter of several hours. Interestingly, the word globalization is not new for people living in the twenty-first century, but sometimes the word is misused or misinterpreted.

Therefore, it is crucial to define the notion. Ukpere (2011, p. 6072) notes that globalization is “a state whereby national boundaries turn totally porous with respect to the movement of goods and capital and, to an extent, porous with respect to people, which is viewed… as cheap labor or, in some cases, cheap human capital”.

In other words, globalization presupposes no boundaries to business activity. The business activity is not confined to purely running business worldwide. Globalization also penetrates in such spheres of people’s life as education and even politics. The development of technology has enabled people to share information without paying any attention to location.

Many companies located in the developed countries shifted their facilities to developing countries. On the other hand, people from developing countries can look for jobs in developed countries. Basically, globalization has made the world smaller and more accessible, so to speak.

However, there are quite many negative effects. For instance, many people argue that globalization led to the global financial crisis in 2000s. These people state that various economies have become too interrelated. It is argued that some countries simply ‘shared’ their financial constraints with the rest of the world. There are many more challenges associated with globalization.

In the first place, people discuss problems developed countries face due to globalization. Thus, Rattner (2011) states that many people in developed countries lose as availability of workforce across the globe (e.g. China, India, Mexico, etc.) contributes greatly to the increase of unemployment within the country.

Rattner (2011) provides an example of the impact of globalization. The author focuses on such manufacturers as General Motors and Volkswagen. These giants shifted their capacities to other countries to reduce their expenditures. Admittedly, Americans are forced to work for lower wages as they understand that manufacturers can easily operate abroad.

Rattner (2011, n.p.) estimates that some workers will get $30,000 per year which can hardly be “the American dream of great middle-class jobs”. In fact, this is the major challenge for developed countries. Businesses are under constant pressure as growing economies of developing countries become more and more competitive.

Seemingly, developing countries benefit from globalization, but in reality globalization leads to great disproportions. On the one hand, many plants and factories are being built on the territory of these countries. Of course, this leads to new working places. However, these people do not obtain very big salaries. The conditions people have to work in are often very difficult or sometimes simply intolerable. Besides, the big enterprises coming to developing countries often become monopolies which dictate their own rules.

Ukpere (2011) also notes that globalization has led to increased levels of poverty and inequality. Admittedly, well-paid jobs are not available for the majority of people living in the developing countries. Those who manage to get a good job soon become much wealthier than the rest. This disproportion is caused by different opportunities. Thus, some people have access to information, knowledge, education, while others remain far from these ‘achievements of civilization’.

Therefore, it is possible to state that globalization has quite controversial effects. It helps some countries develop whereas other countries experience certain decline in their economy. Of course, economies have become interrelated, which is quite dangerous. As the global crisis has shown all economies become vulnerable if some country fails to keep the necessary balance.

It is also important to note that globalization contributes to marginalization of some countries (Ukpere, 2011). It is acknowledged that some countries lag behind due to some factors. They can be unattractive for investment. These countries may lack for professionals in some fields due to inaccessibility of education and training. Scarce resources also make countries unattractive for investors. Thus, it is possible to state that one of the major negative effects of globalization is that it creates disproportions.

Nonetheless, globalization should not be seen as something negative. People who simply oppose globalization (arrange protest walks) waste their time. First of all, the process is inevitable. Globalization can be regarded as a synonym to development. The development of technology has already removed boundaries. Besides, globalization has many positive effects which cannot be ignored. Thus, it is necessary to take advantage of positive effects, while trying to diminish negative effects of globalization.

Of course, government should cooperate to work out specific policies concerning global market. It is important to allocate funds wisely. No country should be left aside. Admittedly, all countries have something particularly valuable for the global market. Though, at first not all the countries can be involved in the operations on the global market. However, the boundaries should expand gradually. The example of the European Union is one of the illustrations that global market can be real. The experience of the EU can also be really valuable when developing the policies. Admittedly, these policies should be quite strict to make businesses comply with the rules.

In this case, all countries will benefit from globalization. All countries will be involved in the development of the global market. This will lead to equal development of countries. Thus, developing countries will be able to reach the level of developed countries. Admittedly, such problems as famine or unemployment can be solved. It is only necessary to allocate resources (natural as well as human) appropriately. It has been acknowledged that people produce enough food and goods for the entire planet, but these goods are distributed disproportionately. Globalization will address the problem.

On balance, it is possible to note that globalization presupposes no boundaries for economic activities. Globalization is seen differently by different people. Some say it is a process which should be stopped. Some claim that globalization is a positive process which should be fostered. People have not come to a single conclusion on the matter. However, it is impossible to ignore the fact that globalization is still a promising process.

It can help people address such problems as disproportion of various resources. Eventually, globalization will help humanity develop. Of course, people will have to work together to benefit from globalization. This process presupposes mutual work of all governments. This may seem somewhat idealistic but people have no other choice. It is a fact that if a country in some part of the world experiences financial constraints, other countries of the globe will eventually experience the same problems. Thus, to succeed people will have to cooperate.

Reference List

Rattner, S. (2011). Let’s admit it: Globalization has losers . The New York Times . Web.

Ukpere, W.I. (2011). Globalization and the challenges of unemployment, income inequality and poverty in Africa. African Journal of Business Management, 5 (15).

  • Working Across Boundaries Analysis
  • Globalization and the World Economy
  • Globalization
  • Stability Strategies - Global Business Management
  • Management of New Establishment in China
  • Cultural Variation Across International Organisations
  • Safety Management Systems in the Aviation Industry
  • Recruitment Strategies - Global Business Management
  • Chicago (A-D)
  • Chicago (N-B)

IvyPanda. (2020, April 22). Globalization and Its Challenges. https://ivypanda.com/essays/globalization-and-its-challenges/

"Globalization and Its Challenges." IvyPanda , 22 Apr. 2020, ivypanda.com/essays/globalization-and-its-challenges/.

IvyPanda . (2020) 'Globalization and Its Challenges'. 22 April.

IvyPanda . 2020. "Globalization and Its Challenges." April 22, 2020. https://ivypanda.com/essays/globalization-and-its-challenges/.

1. IvyPanda . "Globalization and Its Challenges." April 22, 2020. https://ivypanda.com/essays/globalization-and-its-challenges/.

Bibliography

IvyPanda . "Globalization and Its Challenges." April 22, 2020. https://ivypanda.com/essays/globalization-and-its-challenges/.

What is globalization anyway?

What is globalization

Let's find out what is globalization Image:  REUTERS/Nicky Loh

.chakra .wef-1c7l3mo{-webkit-transition:all 0.15s ease-out;transition:all 0.15s ease-out;cursor:pointer;-webkit-text-decoration:none;text-decoration:none;outline:none;color:inherit;}.chakra .wef-1c7l3mo:hover,.chakra .wef-1c7l3mo[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}.chakra .wef-1c7l3mo:focus,.chakra .wef-1c7l3mo[data-focus]{box-shadow:0 0 0 3px rgba(168,203,251,0.5);} Alex Gray

what is globalization means to me essay

.chakra .wef-9dduvl{margin-top:16px;margin-bottom:16px;line-height:1.388;font-size:1.25rem;}@media screen and (min-width:56.5rem){.chakra .wef-9dduvl{font-size:1.125rem;}} Explore and monitor how .chakra .wef-15eoq1r{margin-top:16px;margin-bottom:16px;line-height:1.388;font-size:1.25rem;color:#F7DB5E;}@media screen and (min-width:56.5rem){.chakra .wef-15eoq1r{font-size:1.125rem;}} Financial and Monetary Systems is affecting economies, industries and global issues

A hand holding a looking glass by a lake

.chakra .wef-1nk5u5d{margin-top:16px;margin-bottom:16px;line-height:1.388;color:#2846F8;font-size:1.25rem;}@media screen and (min-width:56.5rem){.chakra .wef-1nk5u5d{font-size:1.125rem;}} Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:, new growth models.

Globalization – a phenomenon that has defined the world's economy in recent decades – is under pressure. As Donald Trump prepares for his tenure in the White House, he talks of dismantling a whole history of globalized trade that he sees as having had a catastrophic effect on the global economy.

His strategy so far has involved tearing up established trade agreements, such as NAFTA, and burying others that are yet to get off the ground. One of these is the Trans-Pacific Partnership, which he has slammed as “a potential disaster for our country”. The incoming president's pledge to "make America great again" is based partly on challenging countries such as China by limiting imports and boosting exports.

But the backlash against globalization is not confined to the United States. In the United Kingdom, the Brexit vote saw a majority of citizens prioritize immigration controls over membership of the world’s biggest trading bloc. Those who wished to remain in the EU accused those who wished to leave of being protectionist, even racist – but much of the concern over immigration stemmed from fears (real or imagined) over the number of new people arriving on British shores and what it would mean for jobs, the economy and British life as they knew it.

If globalization is facing a fundamental threat, perhaps now is a good time to remind ourselves of exactly what it is.

How globalization works

In simple terms, globalization is the process by which people and goods move easily across borders. Principally, it's an economic concept – the integration of markets, trade and investments with few barriers to slow the flow of products and services between nations. There is also a cultural element, as ideas and traditions are traded and assimilated.

Globalization has brought many benefits to many people. But not to everyone.

What is globalization - economic angle

To help explain the economic side of globalization, let's take a look at the well-known coffee chain Starbucks.

The first Starbucks outlet opened its doors in 1971 in the city of Seattle. Today it has 15,000 stores in 50 countries. These days you can find a Starbucks anywhere, whether Australia, Cambodia, Chile or Dubai. It's what you might call a truly globalized company.

And for many suppliers and jobseekers, not to mention coffee-drinkers, this was a good thing. The company was purchasing 247 million kilograms of unroasted coffee from 29 countries. Through its stores and purchases, it provided jobs and income for hundreds of thousands of people all over the world.

A farmer holds organic coffee beans at a coffee field in the mountains of Peru's central jungle city of Chanchamayo August 11, 2008. Coffee production in Peru, the world's largest exporter of organic coffee, is booming as growers focus on quality, develop niche markets and find ways around walls that can block growth. Picture taken August 11, 2008.    REUTERS/Enrique Castro-Mendivil (PERU) - RTR21CJO

But then disaster struck. In 2012, Starbucks made headlines after a Reuters investigation showed that the chain hadn't paid much tax to the UK government, despite having almost a thousand coffee shops in the country and earning millions of pounds in profit there.

As a multinational company, Starbucks was able to use complex accounting rules that enabled it to have profit earned in one country taxed in another. Because the latter country had a lower tax rate, Starbucks benefited. Ultimately, the British public missed out, as the government was raising less tax to spend on improving their well-being.

How did globalization happen?

We might think of globalization as a relatively new phenomenon, but it’s been around for centuries.

One example is the Silk Road, when trade spread rapidly between China and Europe via an overland route. Merchants carried goods for trade back and forth, trading silk as well as gems and spices and, of course, coffee. (In fact, the habit of drinking coffee in a social setting originates from a Turkish custom, an example of how globalization can spread culture across borders.)

Have you read?

Globalization and the us election: we need to take the voices of the discontented more seriously, the fourth industrial revolution disrupted democracy. what comes next, populism is spreading. this is what's driving it, what drives globalization .

Globalization has speeded up enormously over the last half-century, thanks to great leaps in technology.

The internet has revolutionized connectivity and communication, and helped people share their ideas much more widely, just as the invention of the printing press did in the 15th century. The advent of email made communication faster than ever.

The invention of enormous container ships helped too. In fact, improvements in transport generally – faster ships, trains and airplanes – have allowed us to move around the globe much more easily.

A ship is loaded with containers at Sydney's Port Botany container terminal March 4, 2013. Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to profits and incomes that also gave the local dollar a lift. Wednesday's figures from the Australian Bureau of Statistics showed exports climbed 3.3 percent overall to a seasonally adjusted A$25.64 billion, the highest total in eight months. Earnings from farm goods, coal, metals and iron ore all increase in the month thanks in part to rising prices. Picture taken March 4, 2013.   REUTERS/David Gray   (AUSTRALIA - Tags: BUSINESS) - RTXY7G5

What's good about it?

Globalization has led to many millions of people being lifted out of poverty.

For example, when a company like Starbucks buys coffee from farmers in Rwanda, it is providing a livelihood and a benefit to the community as a whole. A multinational company's presence overseas contributes to those local economies because the company will invest in local resources, products and services. Socially responsible corporations may even invest in medical and educational facilities.

Globalization has not only allowed nations to trade with each other, but also to cooperate with each other as never before. Take the Paris Agreement on Climate Change , for instance, where 195 countries all agreed to work towards reducing their carbon emissions for the greater global good.

This chart, however, shows that global attitudes towards globalizing forces aren't all that good. It shows that, in fact, in all but a couple of countries polled, people believe life was better in the old days.

What's bad about globalization ?

While some areas have flourished, others have floundered as jobs and commerce move elsewhere. Steel companies in the UK, for example, once thrived, providing work for hundreds of thousands of people. But when China began producing cheaper steel, steel plants in the UK closed down and thousands of jobs were lost.

Every step forward in technology brings with it new dangers. Computers have vastly improved our lives, but cyber criminals steal millions of pounds a year. Global wealth has skyrocketed, but so has global warming.

While many have been lifted out of poverty, not everybody has benefited. Many argue that globalization operates mostly in the interests of the richest countries, with most of the world's collective profits flowing back to them and into the pockets of those who already own the most.

Although globalization is helping to create more wealth in developing countries, it is not helping to close the gap between the world's poorest and richest nations. Leading charity Oxfam says that when corporations such as Starbucks can legally avoid paying tax, the global inequality crisis worsens .

Basically, done wisely (in the words of the International Monetary Fund ) globalization could lead to "unparalleled peace and prosperity". Done poorly, "to disaster".

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

Related topics:

The agenda .chakra .wef-n7bacu{margin-top:16px;margin-bottom:16px;line-height:1.388;font-weight:400;} weekly.

A weekly update of the most important issues driving the global agenda

.chakra .wef-1dtnjt5{display:-webkit-box;display:-webkit-flex;display:-ms-flexbox;display:flex;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;-webkit-flex-wrap:wrap;-ms-flex-wrap:wrap;flex-wrap:wrap;} More on Financial and Monetary Systems .chakra .wef-17xejub{-webkit-flex:1;-ms-flex:1;flex:1;justify-self:stretch;-webkit-align-self:stretch;-ms-flex-item-align:stretch;align-self:stretch;} .chakra .wef-nr1rr4{display:-webkit-inline-box;display:-webkit-inline-flex;display:-ms-inline-flexbox;display:inline-flex;white-space:normal;vertical-align:middle;text-transform:uppercase;font-size:0.75rem;border-radius:0.25rem;font-weight:700;-webkit-align-items:center;-webkit-box-align:center;-ms-flex-align:center;align-items:center;line-height:1.2;-webkit-letter-spacing:1.25px;-moz-letter-spacing:1.25px;-ms-letter-spacing:1.25px;letter-spacing:1.25px;background:none;padding:0px;color:#B3B3B3;-webkit-box-decoration-break:clone;box-decoration-break:clone;-webkit-box-decoration-break:clone;}@media screen and (min-width:37.5rem){.chakra .wef-nr1rr4{font-size:0.875rem;}}@media screen and (min-width:56.5rem){.chakra .wef-nr1rr4{font-size:1rem;}} See all

what is globalization means to me essay

US jobs market, Japanese inflation and other economics stories to read

May 24, 2024

what is globalization means to me essay

European financial institutions are confronting new challenges. Here's how

Kalin Anev Janse and Kim Skov Jensen

May 22, 2024

what is globalization means to me essay

Safeguarding central bank digital currency systems in the post-quantum computing age

Cameron Nili, Tom Patterson and Carl Dukatz

May 21, 2024

what is globalization means to me essay

The ZiG: Zimbabwe rolls out world’s newest currency. Here’s what to know

Spencer Feingold

May 17, 2024

what is globalization means to me essay

Global financial stability at risk due to cyber threats, IMF warns. Here's what to know

Spencer Feingold and Johnny Wood

May 15, 2024

what is globalization means to me essay

'Shrinking in size, but not in price' - Everything you need to know about 'shrinkflation'

Emma Charlton

May 13, 2024

Home — Essay Samples — Sociology — Globalization

one px

Essays on Globalization

Hook examples for globalization essays, "the global village" metaphor hook.

"In the age of globalization, our world has transformed into a 'global village.' Explore the implications of this metaphor and how it has reshaped our understanding of interconnectedness and cultural exchange."

The Impact of Digital Connectivity Hook

"In an era where a single tweet can reach millions, digital connectivity has revolutionized globalization. Delve into the profound impact of the internet, social media, and technology on global interactions."

The Paradox of Local vs. Global Hook

"Globalization blurs the lines between local and global identities. Analyze the paradox of preserving cultural heritage while embracing the globalized world and how this tension shapes our societies."

The Global Marketplace Hook

"Globalization has ushered in an era of unprecedented trade and economic interconnectedness. Explore the dynamics of the global marketplace, from multinational corporations to supply chains spanning continents."

Cultural Fusion and Identity Hook

"Globalization has led to a melting pot of cultures, but what happens to cultural identities in the process? Investigate how globalization impacts the preservation and evolution of cultural identities."

The Challenges of Globalization Hook

"While globalization offers numerous benefits, it also presents challenges. Examine issues such as income inequality, cultural homogenization, and environmental concerns that arise in a globalized world."

The Future of Globalization Hook

"As we stand on the brink of a globalized future, what can we expect? Join me in exploring the potential trajectories of globalization, from its impact on politics to the role of emerging technologies."

The Best Globalization Essay Topics

  • The Impact of Globalization on Local Cultures: Integration or Erasure?
  • The Impact of Globalization on Cultural Identity in Anthropological Studies
  • Globalization and Economic Inequality: Bridging the Gap Between Rich and Poor
  • The Role of Technology in Advancing Globalization and Its Social Implications
  • Environmental Consequences of Globalization: Challenges and Sustainable Solutions
  • Analyzing the Advantages and Disadvantages of Globalization
  • The Influence of Globalization on Education and Cross-Cultural Exchanges
  • Global Political Dynamics: How Globalization Affects Sovereignty and Governance
  • Globalization and Health: The Spread of Diseases and Global Health Initiatives
  • Consumer Culture and Globalization: The Homogenization of Global Markets

The Disadvantages of a Mcdonaldized Society

Hip hop planet summary, made-to-order essay as fast as you need it.

Each essay is customized to cater to your unique preferences

+ experts online

Sociological Imagination Am I Supposed to

The effects of globalization on developing countries and its advantages and disadvantages, the impact of globalization to cultural identity, globalization, its causes and effects on the world, let us write you an essay from scratch.

  • 450+ experts on 30 subjects ready to help
  • Custom essay delivered in as few as 3 hours

Good and Bad Impact of Globalization

History of globalization and its benefits for society, financial, social and political effects of globalization, globalization: global concerns of global development, get a personalized essay in under 3 hours.

Expert-written essays crafted with your exact needs in mind

Globalization's Theories and Effects in The Modern World

The effects of globalization on health and medicine, a study on globalization and its various sides, overview of five articles about globalization, globalization: two sides of the arguments both for and against, globalization and its positive and negative sides for india, the advantages and disadvantages of the globalization process based on real-life examples, criticism and controversial benefits of globalization, globalization: importance of english nowadays, the impact of globalization, nationalism and protectionism on india, an overview of the overall impact of globalization, research of effects of globalization on the media in the world, globalisation as an economical, political and cultural process, pro globalist and anti globalist view from developed country perspective, how global issues impact individual states, electronic commerce in the globalization era, the effect of globalization and americanization on mass media, components of globalization: concept sociocultural and social globalizations, how the impact of globalization on illicit drug trafficking has affected international security, discussion of whether globalization is good or bad for the indian economy.

1. Halliday, T. C., & Osinsky, P. (2006). Globalization of law. Annu. Rev. Sociol., 32, 447-470. (https://www.annualreviews.org/doi/abs/10.1146/annurev.soc.32.061604.123136) 2. Fischer, S. (2003). Globalization and its challenges. American Economic Review, 93(2), 1-30. (https://www.aeaweb.org/articles?id=10.1257/000282803321946750) 3. Lang, M. (2006). Globalization and its history. The Journal of Modern History, 78(4), 899-931. (https://www.journals.uchicago.edu/doi/abs/10.1086/511251?journalCode=jmh) 4. Spring, J. (2008). Research on globalization and education. Review of educational research, 78(2), 330-363. (https://journals.sagepub.com/doi/abs/10.3102/0034654308317846?journalCode=rera) 5. Scott, A., & Storper, M. (2003). Regions, globalization, development. Regional studies, 37(6-7), 579-593. (https://www.tandfonline.com/doi/abs/10.1080/0034340032000108697a) 6. Jameson, F. (1998). Notes on globalization as a philosophical issue. In The cultures of globalization (pp. 54-78). Duke University Press. (https://www.degruyter.com/document/doi/10.1515/9780822378426-005/html?lang=de) 7. Frankel, J. A. (2003). The environment and globalization. (https://www.nber.org/papers/w10090) 8. Teeple, G. (2000). What is globalization?. Globalization and its discontents, 9-23. (https://link.springer.com/chapter/10.1057/9780333981610_2)

Relevant topics

  • Sociological Imagination
  • Sociological Perspective
  • Modern Society
  • Social Change
  • Stereotypes
  • American Identity
  • Social Justice
  • Cultural Appropriation

By clicking “Check Writers’ Offers”, you agree to our terms of service and privacy policy . We’ll occasionally send you promo and account related email

No need to pay just yet!

Bibliography

We use cookies to personalyze your web-site experience. By continuing we’ll assume you board with our cookie policy .

  • Instructions Followed To The Letter
  • Deadlines Met At Every Stage
  • Unique And Plagiarism Free

what is globalization means to me essay

what is globalization means to me essay

30,000+ students realised their study abroad dream with us. Take the first step today

Meet top uk universities from the comfort of your home, here’s your new year gift, one app for all your, study abroad needs, start your journey, track your progress, grow with the community and so much more.

what is globalization means to me essay

Verification Code

An OTP has been sent to your registered mobile no. Please verify

what is globalization means to me essay

Thanks for your comment !

Our team will review it before it's shown to our readers.

Leverage Edu

  • School Education /

✍️Essay on Globalisation: Samples in 100, 150 and 200 Words

what is globalization means to me essay

  • Updated on  
  • Oct 25, 2023

Essay on Globalisation

Globalisation means the combination of economies and societies with the help of information, ideas, technology, finance, goods, services, and people. It is a process where multinational companies work on their international standing and conduct operations internationally or overseas. Over the years, Globalisation has had a profound impact on various aspects of society. Today we will be discussing what globalisation is and how it came into existence with the essay on globalisation listed below.

Table of Contents

  • 1 How Globalisation Came Into Existence?
  • 2 Essay on Globalisation in 100 Words
  • 3 Essay on Globalisation in 150 Words
  • 4 Essay on Globalisation in 200 Words

How Globalisation Came Into Existence?

For all those unaware, the concepts of globalisation first emerged in the 20th century. Here are some of the key events which led to the development of globalisation in today’s digital world.

  • The ancient Silk Route as well as the maritime routes led to the exchange of goods, ideas and culture in several countries. Although these were just trade routes, but later became important centres for cultural exchange.
  • Other than this, the European colonial expansion which took place from the 15th to the 20th century led to the setting up of global markets where both knowledge and people were transferred to several developing countries. 
  • The evolution and exchange of mass media, cinema and the internet further led to the widespread dissemination of cultures and ideas.

Also Read: Essay on the Importance of the English Language for Students

Essay on Globalisation in 100 Words

Globalization, the interconnectedness of nations through trade, technology, and cultural exchange, has reshaped the world. It has enabled the free flow of goods and information, fostering economic growth and cultural diversity. However, it also raises challenges such as income inequality and cultural homogenization. 

In a globalized world, businesses expand internationally, but local industries can suffer. Moreover, while globalization promotes shared knowledge, it can erode local traditions. Striking a balance between the benefits and drawbacks of globalization is essential to ensure a more equitable and culturally diverse global community, where economies thrive without leaving anyone behind.

Also Read: Essay on Save Environment: Samples in 100, 200, 300 Words

Essay on Globalisation in 150 Words

Globalization is the process of increasing interconnectedness and interdependence among countries, economies, and cultures. It has transformed the world in various ways.

Economically, globalization has facilitated the flow of goods, services, and capital across borders. This has boosted economic growth and reduced poverty in many developing nations. However, it has also led to income inequality and job displacement in some regions.

Culturally, globalization has resulted in the spread of ideas, values, and cultural products worldwide. While this fosters cultural exchange and diversity, it also raises concerns about cultural homogenization.

Technologically, globalization has been driven by advances in communication and transportation. The internet and smartphones have connected people across the globe, allowing for rapid information dissemination and collaboration.

In conclusion, globalization is a complex phenomenon with both benefits and challenges. It has reshaped the world, bringing people closer together, but also highlighting the need for responsible governance and policies to address its downsides.

Also Read: Essay on Unity in Diversity in 100 to 200 Words

Essay on Globalisation in 200 Words

Globalization, a multifaceted phenomenon, has reshaped the world over the past few decades. It involves the interconnectedness of economies, cultures, and societies across the globe. In this essay, we will briefly discuss its key aspects and impacts.

Economically, globalization has led to increased international trade and investment. It has allowed companies to expand operations globally, leading to economic growth in many countries. However, it has also resulted in income inequality and job displacement in some regions.

Culturally, globalization has facilitated the exchange of ideas, values, and traditions. This has led to a more diverse and interconnected world where cultures blend, but it can also challenge local traditions and languages.

Socially, globalization has improved access to information and technology. It has connected people across borders, enabling global activism and awareness of worldwide issues. Nonetheless, it has also created challenges like cybercrime and privacy concerns.

In conclusion, globalization is a double-edged sword. It offers economic opportunities, cultural exchange, and global connectivity, but it also brings about disparities, cultural tensions, and new global challenges. To navigate this complex landscape, the world must strive for responsible globalization that balances the interests of all stakeholders and promotes inclusivity and sustainability.

Related Articles

The movement of goods, technologies, information, and jobs between countries is referred to as globalisation. 

Globalization as a phenomenon began with the earliest human migratory routes, or with Genghis Khan’s invasions, or travel across the Silk Road.

Globalisation allows wealthy nations to access cheaper labour and resources, while also providing opportunity for developing and underdeveloped nations with the jobs and investment capital they require.

For more information on such interesting topics, visit our essay-writing page and follow Leverage Edu ! 

' src=

Malvika Chawla

Malvika is a content writer cum news freak who comes with a strong background in Journalism and has worked with renowned news websites such as News 9 and The Financial Express to name a few. When not writing, she can be found bringing life to the canvasses by painting on them.

Leave a Reply Cancel reply

Save my name, email, and website in this browser for the next time I comment.

Contact no. *

what is globalization means to me essay

Connect With Us

what is globalization means to me essay

30,000+ students realised their study abroad dream with us. Take the first step today.

what is globalization means to me essay

Resend OTP in

what is globalization means to me essay

Need help with?

Study abroad.

UK, Canada, US & More

IELTS, GRE, GMAT & More

Scholarship, Loans & Forex

Country Preference

New Zealand

Which English test are you planning to take?

Which academic test are you planning to take.

Not Sure yet

When are you planning to take the exam?

Already booked my exam slot

Within 2 Months

Want to learn about the test

Which Degree do you wish to pursue?

When do you want to start studying abroad.

January 2024

September 2024

What is your budget to study abroad?

what is globalization means to me essay

How would you describe this article ?

Please rate this article

We would like to hear more.

Have something on your mind?

what is globalization means to me essay

Make your study abroad dream a reality in January 2022 with

what is globalization means to me essay

India's Biggest Virtual University Fair

what is globalization means to me essay

Essex Direct Admission Day

Why attend .

what is globalization means to me essay

Don't Miss Out

Home / Essay Samples / Social Issues / Globalization / From Local to Global: My Perspective on Globalization

From Local to Global: My Perspective on Globalization

  • Category: Social Issues , Economics
  • Topic: Globalization , Income Inequality , Income Wealth Gap

Pages: 5 (2184 words)

Views: 1540

  • Downloads: -->

--> ⚠️ Remember: This essay was written and uploaded by an--> click here.

Found a great essay sample but want a unique one?

are ready to help you with your essay

You won’t be charged yet!

Pharmacy Essays

Income Inequality Essays

Microeconomics Essays

Budgeting Essays

Consumerism Essays

Related Essays

We are glad that you like it, but you cannot copy from our website. Just insert your email and this sample will be sent to you.

By clicking “Send”, you agree to our Terms of service  and  Privacy statement . We will occasionally send you account related emails.

Your essay sample has been sent.

In fact, there is a way to get an original essay! Turn to our writers and order a plagiarism-free paper.

samplius.com uses cookies to offer you the best service possible.By continuing we’ll assume you board with our cookie policy .--> -->