Financial globalization

  • Interconnection of the world’s financial systems e.g. stock markets
  • More of a connection between large cities than of nations
  • Example: What happens in Asian markets affects the North American markets.

Economic Globalization

  • A worldwide economic system that permits easy movement of goods, production, capital, and resources (free trade facilitates this)
  • Example: NAFTA, EU, Multinational corporations

Technological Globalization

  • Connection between nations through technology such as television, radio, telephones, internet, etc.
  • Was traditionally available only to the rich but is now far more available to the poor. Much less infrastructure is needed now.

Political Globalization

  • countries are attempting to adopt similar political policies and styles of government in order to facilitate other forms of globalization
  • e.g. move to secular governments, free trade agreements, etc

Cultural Globalization

  • Merging or “watering down” of the world’s cultures e.g. food, entertainment, language, etc.
  • Heavily criticized as destructive of local culture
  • e.g.  The Simpsons is shown in over 200 countries in the world.

Ecological Globalization

  • seeing the Earth as a single ecosystem rather than a collection of separate ecological systems because so many problems are global in nature
  • e.g. International treaties to deal with environmental issues like biodiversity, climate change or the ozone layer, wildlife reserves that span several countries

Sociological Globalization

  • A growing belief that we are all global citizens and should all be held to the same standards – and have the same rights
  • e.g. the growing international ideas that capital punishment is immoral and that women should have all the same rights as men.

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14 Comments on "Types of Globalization"

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Akins
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Dulmi
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Joe J.
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Katie
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What type of globalization would education fit under?

Shimatsatsa
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Ucen
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brazilian guy
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abdul r'shaloor
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