The Three Areas of Globalization

According to Thomas Friedman, “In Globalization 1.0, which began around 1492, the world went from size large to size medium. In Globalization 2.0, the era that introduced us to multinational companies, it went from size medium to size small. And then around 2000 came Globalization 3.0, in which the world went from being small to tiny.” It is not something one can pin point and define as a formal structure of the current international system. Globalization is a notion of the growing interconnectedness of the world categorized into three forms, cultural, political and economical globalization. Much like the quote by Thomas Friedman, globalization gives the conviction of the world being continually smaller and the pace of interaction ever faster.

Visualizing globalization as an action that leads to an ever-growing interconnectedness of goods, services, capital, information, ideas and people indicates both an expansion of interconnections between borders and the comprehension of the importance of those ties. A wider range of people and countries feel the effects of policy or event changes than before. The impacts of things are spread worldwide instead of the impact remaining in that particular region. Issues are now more interrelated than ever before and have broader implications.

Economic globalization is distinct national economies becoming one global economy. Global financial markets, international trade, transnational production and global division of labor define globalization of the economy. If you look at your clothes, cell phone or handbag, they were all produced in more than one country and traded worldwide. My iPhone for instance was designed in California but manufactured in China. Ri...

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...rdly ever had intimate scenes expressed through physical touching. However, the ever competitive need to contend with its western counterpart, Hollywood, Bollywood movies these days have become very open with scenes of the actors and actresses openly expressing intimate scenes. Globalization does not discriminate between gender and culture.

Contrary to popular belief however, some believe that the new global media of globalization is not encouraging cultural imperialism. They believe that it’s actually having the opposite effect. The global media has become a place where people are able to project traditional culture as well as the ideas of radical opponents of globalization. In the book, The Clash of Civilization, Huntington and Fukuyama face opposing views. Francis Fukuyama, an American political scientist and economist, wrote that the end of