Mo Tu We T

Notes

Mo Tu We Th Fr Sa Su Memo No. _______________ Date / / # INTRODUCTION TO GLOBALIZATION • Increasing interaction among people, states, and countries through the growth of international flow of money, ideas, and culture. • Focused mainly on economic integration, which also involves social and cultural aspects. • The interconnectedness of people and businesses worldwide leads to cultural, political, and economic integration. • Easy movement and communication across the globe facilitate international business. • Goods, services, and people move freely in a seamless, integrated manner. • Countries liberalize protocols and welcome foreign investment in key sectors. • Nations attract global capital by opening their economies to multinational corporations. Memo No. _______________ Date _______________ # GLOBALIZATION AS DEFINED BY OTHER AUTHORS * McGrew (1990) describes globalization as a complex interconnectedness extending beyond nation-states. * Ohmae (1992) states, "Globalization means the onset of a borderless world" (p.14). * Anthony Giddens (The Consequences of Modernity) defines it as "the intensification of worldwide social relations linking distan...