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What is meant by the Term Globalisation? Identify and Discuss the Three Main Perspectives on the Concept of Globalisation.

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Introduction

What is meant by the Term Globalisation? Identify and Discuss the Three Main Perspectives on the Concept of Globalisation. Globalisation is one of the key ideas in modern politics and international relations and also a main, if not key idea in social sciences. Every discipline has an angle on globalisation from Sociology to Psychology. However is globalisation just another "buzz" word dreamt up by the media, the idea of globalisation is not a new idea. The United Nations and it predecessor the League of Nations are both attempts at some form of World wide governmental systems. Modern globalisation is a lot easier with the new technology such as satellites, the internet and video conferencing. It's now physically possible to have all the various governmental leaders in one place if not in person but in spirit. The world may not be ready for a world government but it's technologically quite straight forward. The proponents of globalisation argue that all the other fields in the political arena have become redundant or at least less important. The backbone of the political world is the division between the right and left. This division has become clouded recently as the various actors have started to merge into one general consensus. ...read more.

Middle

As technology increases this means that eventually space would become redundant. This is what Giddens calls the 'Time/Space Distantiation'. This theory is quite similar to the earlier 'Time/Space Compression' by Harvey whom has taken a slightly different angle to Giddens in as such that Harvey believes that, again in the capitalist society, Time is becoming more and more important and in fact more important than money. Production costs are determined by the time it takes to produce the item so producing items quicker will save money. This is also reflected in the workers, a quicker work force (a work force that saves time) is a cheaper work force. As Marx states "Economy of time, to this all economy ultimately reduces itself." Time, argues Harvey, now dominates money and defines how much money is worth with regards to the stock market, accountants calculate interest rates as 'the time value of money'. Production time together with Circulation exchange time is referred to as 'the turnover time of capital'. The faster that money is returned to a person the greater the profit will be. Again time determines the end monetary result. Sceptics would argue that all these documented changes are not actually the result of globalisation and/or that nothing out the ordinary has changed. ...read more.

Conclusion

That's why you will mostly find McDonalds and Burger Kings on the outskirts of cities in industrial areas or in commercial shopping centres. The exact of the United Kingdom when even relatively small towns will have three McDonalds even in the heart of the town. This invasion is slowly choking small business and eventually you will have to either join one of these multi-national corporations or die. So to conclude, what is meant by Globalisation? The three perspectives differ in their views quite dramatically but the core of all of them is that they share the same thought that this progression is happening and will continue to happen but what they disagree about is to what end and to what extent this progressing will lead to. Hyper-globalisationlists would have you think that the world is a very different place that is only going to get a lot more different with time. Sceptics would argue that yes there is a change but it is nothing to afraid of and will progress at the same speed as it has always done. While the 'Transformationlists' would argue that changes have and are taken place but they are unsure to what end. No answer to this question exists yet but in time (or space) we shall see where this globalisation is leading us. ...read more.

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