Globalisation and its effects on society

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The aim of this assignment is to investigate the significance of the term ‘Globalization’, to bring an understanding of its repercussions, in doing so, giving a broader meaning and clarify the effects that the globalization processes may have on both the economical and employment structures in Britain and its society.

The expression ‘Globalization’ was first coined in the 1960’s, the term was not only used in an academic manner, but additionally in a popular way in order to illustrate a practice, a procedure, a condition and an era.  Unfortunately, due to the different manner in which the word globalization is utilised, it has a tendency to be somewhat ambiguous and leads to confusion.  The general idea of globalization, although in the forefront of many societies’ economies since the 1960’s, it is not a complete new concept, Karl Marx and Friedrich Engels made mention of a ‘truly global market’ in their 1847 publication “The Communist Manifesto” (Steger, 2003).

It cannot de denied that referring to globalization solely as an ensemble of social procedures is very simplistic, and regrettably offers just a limited point of view, omitting other existing processes that may enhance the subject area.  The general idea of globalization is quite subjective, as many theorists beg to differ on the different forms of ‘social processes’ that are at the base of its elaboration, which consequently leads to opinion divergences and heated debate, however, as a result of extensive research, four diverse varieties of globalization have been proposed (Steger, 2003).

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The first definition states that globalization entails the creation of new social infrastructures, while expanding the already existing frameworks, in order to bypass the confines whether they are economical or cultural.  Secondly, it is argued that globalization finds its force in the enlarging and consolidating both societal interaction and interdependencies, the world has become a ‘Global Village’.  The internet plays an important role in the third form of globalization, as it allows both the acceleration and the amplification of social interplay; information is accessible practically instantly around the globe (Steger, 2003).  Anthony Giddens cleverly summed this up as “Globalization ...

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