What's the definition of Globalisation?

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Petra Belo                                                                                                     BA M.M. Y3

Contemporary Marketing Issues

Globalisation  

From: Petra Belo

To: Indra Athi

           Course: BA Marketing Management

                     What’s the definition of Globalisation?

Globalisation is a term that is frequently used but hardly ever defined. It refers to the rapid increase in the share of economic activity taking place across national boundaries.

This goes beyond the international trade in goods and includes the way those goods are produced, the delivery and sale of services, and the movement of capital.

Globalisation it is also an idea of our time, highly contested and widely accepted at the same time. It relates to the economy, politics, culture, society, and generally, with everything we deal with in our everyday lives.

Can be thought of as a process, in which economic markets, technologies, and communications gradually can to exhibit more “global” characteristics, and less “national” or “local” ones.

In this scene, it is the millions of daily decisions concerning technology choices, market structure, and communication patterns that “drive” the globalisation process. In altering these patterns, globalisation will generate a variety of consequences, both for the world as a whole, and for individual countries. These consequences will be both economic and environmental in nature.

                                       

                                             Introduction

Held et al (1999) separate the theorists of globalisation into three different schools the hyperglobalisers, the sceptics and the transformation lists. Each of these schools represents a different account of globalisation and a different interpretation of it as a social phenomenon.

Some of their different perspectives have to be taken into account since they represent different political trends and thoughts on globalisation.

Drawing on statistical evidence of world trade from the nineteenth century which shows that in fact there is only a slight rise on trade today compared with the Gold Standard era, the sceptics argue that globalisation is not a new phenomenon, but a return to the levels of trade before the great depression. Therefore they argue that globalisation is only a process of intense internationalisation (or Tran nationalisation) (Held et all, 1999: 155-171).

However, (Lash and Urry, 1994: 279-312) argued that globalisation deals not only with economic relations but also with cultural, political, social and environmental issues.

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 It is not a coincidence that the concept of globalisation took off during the time of the information revolution. Even the first traces of globalisation deal, directly or not, with the circulation of information. The circulation, or sometimes imposition, of culture through religions and empires (which imposed information) in the pre-modern era is an example of early globalisation (Held et all, 1999, ch 7).

Waters (1995: 146) says that perhaps the most significant event in 19th century globalisation was when the war correspondent of The Times in the Crimean War of the 1850s was able to telegraph his reports instantly back ...

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