Globalization (or globalisationGlobalisation is a British variant spelling. Globalization is the main variant, preferred by both Webster's and the Oxford English Dictionary.), is an umbrella term for a complex series of economic, social, technological, and political changes seen as increasing interdependence and interaction between people and companies in disparate locations. The phenomenon has been noted since the 1980s in the context of sociological study on a worldwide scale.

The term "globalization" is used to refer to these collective changes as a process, or else as the cause of (typically) negative and turbulent change. The distinct uses include:

• Economically and socially positive: As an engine of commerce; one which brings an increased standard of living — prosperity to developing countries and further wealth to First World and Third World countries. This view claims that economic prosperity brings about social prosperity.
• Economically and socially negative: As an engine of "corporate imperialism"; one which tramples over the human rights of developing societies, claims to bring prosperity, yet often simply amounts to plundering and profiteering. Negative effects include cultural assimilation via cultural imperialism, the export of artificial wants, and the destruction of local society and culture.

Economic globalization

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Economic globalization, (i.e. the aggregate change we observe in our factories, storefronts, indeed generally across our economies and lifestyles) is caused by four fundamental forms of capital movement throughout the global economy. The four important capital flows are:

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@Wink89 when we studyin for stats bro!? And did u complete that Globalization worksheet for Econ??
LWoods1906 (Lance Woods) Mon, 14 Dec 2009 23:06:19 -0000
@Wink89 when we studyin for stats bro!? And did u complete that Globalization worksheet for Econ??
What is Chindia? Daya Thussu tells one of the untold stories of globalization. http://bit.ly/7bM9OM #ascj #chinaconf
KatharineKeith (Katharine) Mon, 14 Dec 2009 23:01:23 -0000
What is Chindia? Daya Thussu tells one of the untold stories of globalization. http://bit.ly/7bM9OM #ascj #chinaconf
Paul A. Samuelson died - he was between Neoclassical economics and Keynes with some important input to globalization.
ThomasWichmann (Thomas Wichmann) Mon, 14 Dec 2009 22:40:51 -0000
Paul A. Samuelson died - he was between Neoclassical economics and Keynes with some important input to globalization.
Dr. Lu discusses Shanghai-ness as an International Identity. Globalization is creating international citizens. #ascj #chinaconf
KatJawa (Katherina Jawaharlal) Mon, 14 Dec 2009 22:37:53 -0000
Dr. Lu discusses Shanghai-ness as an International Identity. Globalization is creating international citizens. #ascj #chinaconf
@YSAcom Interesting what globalization is doing
HotSmart (Juan J. Ramirez) Mon, 14 Dec 2009 22:28:20 -0000
@YSAcom Interesting what globalization is doing
Topic no6 + no7: International Trade + Globalization. haachh..ja
cookienii (Nicole) Mon, 14 Dec 2009 22:07:13 -0000
Topic no6 + no7: International Trade + Globalization. haachh..ja

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