Globalization

Although globalization is often seen as an economic phenomenon, it represents multiple processes whereby local populations are influenced by events that take place in different regions, different countries, and even different continents. David Held of the London School of Economics tells us that globalization may be thought of as a process that embodies a transformation in the spatial organization of social relations and transactions, assessed in terms of their extensity, intensity, velocity, and effect, creating transcontinental or interregional flows and networks of activity, interaction, and the exercise of power. It refers to the economic, political, social, environmental, cultural, discursive, and ideological elements of human existence. Each of these domains of globalization are intimately connected and are emphasized differently, depending on the particular perspective. This article ...