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Introduction
Globalization of both the economy and the society has confronted the world
over the past decade. A shift of focus and interest from the local market to the
inclusive term for the emergence of a global society in which economic, political,
environmental, and cultural events in one part of the world quickly come to have
significance for people in other parts of the world (2004) and is often branded as the
from the national to the supranational or global level (2000). In globalization, people
around the globe are more connected to each other than ever before. Information
and money flow more quickly than ever. Goods and services produced in one part of
the world are increasingly available in all parts of the world. International travel is
aspects are the rapid spread of diseases, illicit drugs, crime, terrorism, and
Characteristics of Globalization
own meaning from different individuals. For some, globalization is a process that is
beneficial, i.e. a key to the future world economic development and also inevitable
and irreversible. Others regard it with hospitality even fear, believing that it
increase in connections among societies and their elements due to, among others,
( 1998).
represents one of the most influential forces in determining the future course of the
little more than a synonym for one or more of the following phenomena: the pursuit
of classical liberal (or “free market”) policies in the world economy (“economic
the notion that humanity stands at the threshold of realizing one single unified
integration”) (2002).
Globalization has become identified with a number of trends, most of which
have developed since World War II. These include greater international movement of
· An increase in international trade at a faster rate than the growth in the
world economy
investment
· Greater transborder data flow, using such technologies such as the
· Greater international cultural exchange, for example through the export
cultures
corporations
laws
of struggles between local and global economies and experiences given the
creation of a New World economic system (the American one). (2001) flatly used
Impacts of Globalization
Globalization has its own style of offering extensive opportunities for truly
worldwide development but it can be seen that it s not progressing evenly. Some
nations or organizations are becoming integrated into the global economy faster than
the others. Nations or organizations that have been able to integrate are seeing
advance growth and reduced poverty. With the undying influence of globalization to
the world, there are many organizations that are striving to adjust with these
influences.
historically complex; definitions vary in the particular driving force they identify. The
meaning of the term is itself a topic in global discussion; it may refer to "real"
processes, to ideas that justify them, or to a way of thinking about them. The term is
economies around the world, particularly through trade and financial flows. The term
(technology) across international borders. There are also broader cultural, political
and environmental dimensions of globalization that are not covered here. At its most
basic, there is nothing mysterious about globalization. The term has come into
common usage since the 1980s, reflecting technological advances that have made it
flows. It refers to an extension beyond national borders of the same market forces
that have operated for centuries at all levels of human economic activity—village
that of culture that has implicit effects for such are abstract. Furthermore, the
economic and the political aspects contribute in shaping such effects in the cultural
dimension and vice-versa, as (1997) expounds, “Globalization has economic roots
and political consequences, but it also has brought into focus the power of culture in
this global environment - the power to bind and to divide in a time when the tensions
between integration and separation tug at every issue that is relevant to international
relations.” In this sense, globalization perpetuates the cultural dimension for the latter
integration and the removal not only of cultural barriers but of many of the negative
significant to culture for the former is a unifying factor of the borderless society,
Fewer trade barriers and unprecedented technological advances have
make it easier to enter the international market through the efficient marketing and
by utilizing the services provided by the Worldwide Web (2001). Electronic data
and integrates data with other information available to the recipients (businesses,
banks, capital markets) from other sources. Individual countries and trading and
currency blocs alike view the fast-moving e-business sector as having a direct
impact on the countries’ and blocs’ competitiveness in the global market (1999). The
contemporary industries.
Although there are many criticisms that were pointed out to globalization, it
cannot be denied that it has its own benefits. One of the benefits of globalization is it
describes the ongoing global trend toward the freer flow of trade and investment
across borders and the resulting integration of the international economy. Because it
productivity and living standards of people in countries that open themselves to the
obvious, globalization offers access to foreign capital, global export markets, and
globalization. But, in the majority of cases, these are more the result of domestic
and paid too little attention to helping them develop the domestic institutions required
to use resources more efficiently and to create economic and social progress.
Improving the legal and educational systems and social safety nets of developing
countries ought to be global priorities to help these countries cope with and take
economic and political. None of these is in itself good or bad. All should be
understood as ambiguous, with potential for good and evil, but in the current phase
identify with a potential to pursue the good. Globalization implies two distinct
phenomena. First, it suggests that political, economic and social activity is becoming
levels of interaction and interconnectedness among the states and societies (1991).
Among these relations are those created by the progressive emergence of a global
United States of America have great influence on world’s culture, on its customs,
values, and people. Some people want to look like Americans and they try to do
what Americans do, wear what Americans wear, and try to live how Americans live.
They believe that having acquired American lifestyle means they have an advantage
over those who are not Americanized. Although they do not learn the language, they
inherit the American customs and holidays, style of their life, their traditions.
markets: they are made for the US market, by, for, and about Americans. Thus, one
can conclude, to enjoy these easily accessible products one must be or become
American and the more one consumes, the more one becomes American, thereby
cultural imperialism and cultural alienation: one becomes what he/she consumes,
because in order to consume he/she must become the targeted consumer. This is
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