There is a feeling that the world is a lot smaller and more immediate
Individual national issues:
The world is organised into nation states, but it is suggested that these are
becoming less relevant
Despite trends towards globalisation, individual nations, and the
differences between them, are still important: laws, cultures, customs
Marshall McLuhan
The world is a global village
Roland Robertson
Globalisation: the compression of the world and the intensification of
consciousness of the world as a whole shrinking of journey times, times for
communicating with people more awareness of what goes on elsewhere within
the globe
Parker and Clegg
Six aspects that contribute to the multifaceted nature of globalisation or global
interconnectedness:
1. Economy: USA is the largest economy. Global economies are
interconnected
2. Politics: like EU, WTO
3. Technology: those technologies which contribute to the aforementioned
global village allow barriers of geography to be overcome so that people
can travel the globe ro communicate globally
Transport
Communications technologies
Media technologies
Computer networks
4. Culture
5. Natural environment: commodities to be traded on a global basis
6. Business and industry
Globalisation:
Physical space: actual land of the globe itself early globalisation
discovering new lands, physically moving products
Intangible space: global connectedness without movement over actual
land data in computer networks global consciousness
Global technology has physical aspects and intangible aspects: transport
which crosses land, signals and data which are beamed through communication
Global economy has physical aspects: physical goods which are produced and
then exported across land and sea. Intangible elements: symbol economy of
financial transactions and data flow between financial institutions
Becoming global:
Exporting: selling a product to another country and shipping it to that
country
Overseas investment and expansion: setting up premises in another area.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Linda071195. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.49. You're not tied to anything after your purchase.
