Discuss The Importance Of Globalization

GLOBALIZATION AND ITS IMPLICATIONS To the answer the question is globalization inevitable? Let me define it first what globalization really means,” Globalization is a process or set of processes which embodies a transformation in the spatial organization of social relations and transactions-assessed in terms of their extensity, intensity, velocity, and impact-generating transcontinental or interregional flows and networks of activity, interaction, and the exercise of power” ( Held and Mc Grew ) according to that definition of globalization we can already have an idea of what globalization really means and with that we can already answer the question is globalization inevitable?, well

It is a shift from a world of distant national economies to a global economy in which production is internalized and financial flows freely and instantly between countries. In cultural globalization it is the process whereby information, commodities and images that have been produced in one part of the world enter into a global flow that tends to “flatten out “cultural differences between nations, regions, and individuals. While political globalization is refers to the growing importance of international organizations. These organizations that are transnational in that they exert influence not within a single state, but within an international area comprising several states. (Andrew Heywood

Globalization is inevitable and we can no longer escape it in a way that we are living in a globalize world wherein “globalization is not only a single process but a complex of processes, sometimes overlapping and interlocking but also, at times, contradictory and oppositional ones” (Andrew Heywood 2011. With the presence of the expansion of businesses into different parts of the world, the presence of international institutions like IMF, WB, WTO, the increasing of technological advancement and new inventions, and the political and environmental development well it’s already impossible to escape, because I believed that no country can stand on its own without the help of other countries. We can use the Global Financial Crisis happened in 1997 when the Asian countries collapsed, they needed help from international institution to somehow backed them up financially, that’s why the IMF/WB release bail out to the affected countries in order for them to recover from their loses, and with that we can clearly see the implications of globalization in today’s world. Another is the “worldwide economic integration has intensified as the expansion of global