Is Globalization A Myth Essay

Globalization is an universal term which carries the meaning of free flows information, cultures, ideas, products and services. When the capitalism market nerve spread to the world, many scholars and authors have doubts over the existence of globalization. “Is globalization a myth?” or “Globalization truly existed.” Scholar debates on this issue quite often. Many authors have attempted with relative success to define globalization in a variety of ways. According to Keohane, the combined impact of these processes of globalization is globalism, a state of world involving networks of interdependence at multicontinental distance, linked through flows of capital and goods, information and ideas, people and force as well as environmentally and

Since transactional connections have existed far longer. Therefore, globalization refers to transactional connectedness and encompasses important political, and cultural. The term globalization is new does not mean that world has not been interconnected before or that people were not thinking and theorizing about global interconnectedness in earlier periods. Philospher G.W.F Hegel was the first theorist of globalization. He did not merely talk of connection between disparate areas and places but about the emerging consciousness about such connections. In the nineteenth century was an era of colonial expansion, scientific discovery and industrialization in the North. At the time, industry development, colonial expansion and technological change for instance in year 1839 the telegraph made it possible for the first time in human history to move message independently of an object physically carrying it. In addition to technology development, main forms of communication technology, the transmitting messages and that transporting physical objects continued in the twentieth century with the invention of the airplane, the radio and so on. The world began with the end of the Cold War in 1989 with the three dimensions of globalization which are increased trade and transactional economic activity, faster and denser communication networks, and increased tensions

Technological globalization revolution is aspect of globalization describing the effect of new electronic communication which permits firms and other actors to operate globally with much less regard for location, distance, and border. Role of technology especially communication technology is very important to the progress of globalization. For instance, some developing country governments for example those of China, Iran and Saudi Arabia have shown that technology is an importance source of governmental control over its citizenry. Technology is also important input in industrialization and development of countries. These developments include evolution of new core technologies such as information and communication (ICT), biotechnologies, and advanced materials (Kumar, 1998). Next, is economic globalization. It is different to economic internationalization in two key ways. First, the economic interactions controlled by governments whereas economic globalization involves movement of goods and services across national borders are beyond the state control. Second, economic globalization refers to close integration flows of foreign direct investment and financial capital. Political globalization is a form of advocacy of democratization and democracy in the developing world. In the early 1970s only a quarter of countries around the world had democratically elected governments. By the early 1990s over