Globalization (or globalisation) in its literal sense is the process of transformation of local or regional phenomena into global ones. It can be described as a process of blending or homogenization by which the people of the world are unified into a single society and function together. This process is a combination of economic, technological, sociocultural and political forces. Globalization is often used to refer to economic globalization, that is, integration of national economies into the international economy through trade, foreign direct investment, capital flows, migration, and the spread of technology.
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Thrity Umrigar is intrigued by how cultures blend. A native of India, Umrigar spent 17 years writing for newspapers like the Washington Post and the Akron Beacon Journal. She made the transition from journalist to novelist, writing books like the acclaimed “The Space Between Us.” Umrigar’s latest, “The Weight of Heaven,” reveals once more her talent on the rise. As “The Weight of Heaven” begins a young couple, Frank and Ellie Benton, are mourning the death of their 7-year-old son, Benny. Frank is employed by a small firm in Ann Arbor. He was out of the ...
Kira - in poll Globalization The world economy will shrink this year for the first time since 1945, and some economists worry that the current crisis could spell the beginning of the end of globalization. Hard economic times are correlated with protectionism, as each country blames others and protects its domestic jobs. In the 1930’s, such “beggar-thy-neighbor” policies worsened the situation.
Ironically, however, such a grim prospect would not mean the end of globalization, defined as the increase in worldwide networks of interdependence. Globalization has several dimensions, and, though economists all ...
123 - in poll Globalization The presence of Indonesia in the recent G20 meeting held in London has increased the country's leverage in the world. This is a strategic move given the past failure of the Indonesian government to seize opportunities for playing a greater role in the globalized political economy.As the G20 is basically an organized effort to control the globalization process that affects every individual country including Indonesia, we need to have a deeper understanding of how globalization poses unprecedented risks to all of us.
It is not a reality driven by natural forces but constructed by an ...
a3 - in poll Globalization
