Understanding Globalization: A Transplanetary Perspective
Classified in Social sciences
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1. What is Globalization According to A. Scholte?
Giddens aptly observed that „there are few terms that we use so frequently but which are in fact as poorly conceptualized as globalization‟ (Giddens, 1996).
Various Interpretations of Globalization
Let's delve into different understandings of globalization:
Internationalization:
This refers to the growth of transactions and interdependence between countries. A more globalized world, in this sense, witnesses increased cross-border flows of messages, ideas, merchandise, money, investments, pollutants, and people.
Liberalization:
Globalization, from this perspective, is the process of removing officially imposed restrictions on resource movements between countries. It aims to create an „open‟