Globalization - "Process of global integration in...

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“Process of global integration in which diverse  people, economies, cultures and political  processes are increasingly subjected to  international influences” (Migdley, 1997). Economic interdependence Cultural interdependence Political interdependence Environmental interdependence – missing from  the above definition.
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Most recognized dimension of globalization. International economic exchanges growing in  frequency: world trade, investments, currency  regulations, aid and lending. A number of corporations are larger economic units  than some nation-states and have subsidiaries in a  number of different countries.  Production of a car for  example can take place in different parts and different  countries.    
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Dependence on other countries for raw materials and  cash. Many developing countries produce one crop for 
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This note was uploaded on 04/07/2008 for the course SOWK 307 taught by Professor Boudon during the Spring '08 term at South Carolina.

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Globalization - "Process of global integration in...

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