Essay about What Do You Understand by the Term Globalization

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Title : What do you understand by the term globalization? Why has interest in globalization intensified in recent years?

Introduction If searching on Google website and type the word "Globalization", just 0.22 second you will receive a substantial number of nearly 24 million results. This shows that "globalization" is a word being most mentioned in our world today. Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "economic integration through trade, migration, capital flows and communication" (Mann, 2005).Globalization has been defined with numerous and widely differing meanings dating back to 1870 as "Economic integration through trade, migration, communication and Capital Flows" …show more content…
The “transfonationalists” are more eclectic than globalists and internationalist. They approve the significant impacts of globalization as well as “the significant scope for national, local and other agencies”.
What “Globalization” can bring ?
Globalization has many forms in which culture is the most affected aspect. Cultural globalization is the rapid traversing of ideas, attitudes and values across national borders. This sharing of ideas generally leads to an interconnectedness and interaction between peoples of diverse cultures and ways of life. In 1960s, Marshall McLuhan – a media theorist has mentioned about the notion of “global village” to describe the effect that the ability to connect and exchange ideas instantaneously would bring to the world. (Mackay in Held, 2000: 55)
Mass media and communication technologies are the primary instruments for cultural globalization. For example, thanks to the media, Vietnamese football fan can enjoy all matches happening in South Africa lively or many world news can be reported to us directly and quickly. There are an internationalization of news exposes countries to foreign ideas, practices, and lifestyles.
The development of computer technology — with its social networking sites, video sharing websites, blogging sites and
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