GLOBALIZATION
Overview
GLOBALIZATION as aphenomena is as old as human kind ,humans have interacted over long distances for thousands of years.The three continents of Asia ,Africa ,and Europe had for centuries been connected by trade exchanges through The overland Silk Road that existed in the "Old World". Philosophy, religion, language, the arts, and other aspects of culture spread and mixed. In the 15th and 16th centuries, Europeans made important discoveries in their exploration of the oceans, including the start of transatlantic travel to the "New World" of the Americas. Global movement of people, goods, and ideas expanded significantly in the following centuries. In early years of the 19th century, the development of new forms of transportation and telecommunications that "compressed" time and space allowed for rapid rates of global interchange. In the 20th century, road vehicles and airlines made transportation even faster, and the advent of electronic communications, most notably mobile phones and the Internet, connected billions of people in new ways leading into the 21st century.Thus globalization is neither new nor is it reversible.
Definitions:
Globalization is the growing interdependence worldwide through increasing volume and variety of cross border transactions in goods and services, free flow of international capital and more rapid and wide spread diffusion of technology.
Held et al, view globalization as the widening and spreading up of worldwide interconnectedness in all aspects of contemporary social life, from the cultural to the financial and spiritual.
Naisbit observes that globalization has made it possible to produce a product anywhere; using resources from anywhere by a company located anywhere to be sold anywhere. Globalization can equally be seen as the absence of borders and barriers in trade between nations.
Kennichi Ohmae notes that globalization is the end of geography.
Wikipedia Encyclopaedia states that globalization is...