What is Globalization?"Globalization refers to a set of processes that increaseingly make the parts of the worldinterdependently integrated.It is a historical process, the result of human innovation andtechnological progress. It refers to increasing integration of economies around the world,particularly through trade and financial flows."(Robert and Hite page 16)Many people view globalization in different ways. Some view it as a process that isbeneficial a key to future world economic development and also inevitable and irreversible. Some view it with hostility, even fear, believing that it increases inequality within and betweennations, threatens employment and living standards. Globalization offers extensive opportunitiesfor truly worldwide development but it is not progressing evenly.Some countries are becomingintegrated into the global economy more quickly than others."What globalization means in structural terms , then is the increas in the availalablemodes of organization: transnational, international, macro-regional, national, micro-regional,municipal, local. This ladder of adminstrative levels is being criss-crossed by functionalnetworks of corporations, international organizations and non-governmental organizations, aswell as by proffessionals and computer users." (Lencher and Boli page103)The term globalization has come into common usage since the 1980s, reflecting technologicaladvances that have made it easier and quicker to complete international transactions both tradeand financial flows. It refers to an extension beyound national borders of the same market forcesthat have operated for centuries at all levels of human economic activity...
