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

  • The 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 are shown in over 200 countries in the world.
READ:
Economics Unit 8 – Globalization: characteristics and trends

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.
Cite this article as: William Anderson (Schoolworkhelper Editorial Team), "Types of Globalization," in SchoolWorkHelper, 2019, https://schoolworkhelper.net/types-of-globalization/.

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Cebo N.
Cebo N.
2 months ago

There is one more missing: Geographic globalization

Rehema A.
Rehema A.
5 years ago

thanks, it is helpful

abdul r'shaloor
abdul r'shaloor
5 years ago

I wish to thank the author! So helpful for my earlier seminar on globalization…..

Akins
Akins
5 years ago

am really happy 2 find this websites, it probably save me from wasting my time n help me 2 finish my project. thanks a lot

Dulmi
Dulmi
5 years ago

wow, I got the exact thing. Thank you

Joe J.
Joe J.
6 years ago

Very helpful!

bilal ould
bilal ould
6 years ago

thanks a lot for the useful article

Katie
6 years ago

What type of globalization would education fit under?

Shimatsatsa
Shimatsatsa
7 years ago

Thanks guys, this was very helpful.

Ucen
Ucen
8 years ago

thanks its very useful for my humanities work 😀

Nadine
Nadine
8 years ago

Thanks dude! It’s very useful for my humanities work 🙂

Little Ashia
Little Ashia
8 years ago

I used this for my homework, thank you for the info!

brazilian guy
brazilian guy
8 years ago

I’m brazilian and this article helped me so much, thanks

sanjeep maharjan
sanjeep maharjan
9 years ago

Thank u very much, tmorrw is my exam of globalization and i have no note of globalization types….and i searched and found this one. i m feeling very lucky to having chance to see this.

anu
anu
Reply to  sanjeep maharjan
4 years ago

it was really a great help for me for the project work. Feeling lucky to find it.