Globalization

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See also Economics | Global village

The process that makes something global or worldwide in scope or application, particularly the economic integration and interdependence of markets around the globe. Globalization maintains a hierarchy in which related events and decisions are not managed locally.

Globalization is percieved as the dangerous invasion of western or American values so industrial development can continue to expand. Globalization has been characterised by increased activity in information, capital and people including refugees, travelers and the formation of global social movements.

It refers to global economic integration of many formerly national economies into one global economy, by free trade, especially by free capital mobility, and also, as a distant but increasingly important third, by easy or uncontrolled migration. Globalization emerged to replace the cold war bipolar ideological alliance with a transnational civil society dependant of a range of organisations and businesses.

The ideology of globalization, can only advocate global growth, not equal growth. A jurisdiction or government pursuing a policy of globalism is different to a global dominance policy. Globalization requires the rich to grow rapidly in order to provide markets in which the poor can sell their exports.

Popular resistance to corporate globalization emerged late last century, with mass anti-WTO demonstrations in Seattle in November 1999. These boycotts by activists were in response to the problems of globalization, international and free trade such as the increased disparity between developed and undeveloped countries, failures in deregulation, corporate mega mergers, government and corporate corruption and the continuing more complex, longer, intense periods of conflict which currently battle on.

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