lecture 2

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Political Science
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Waldemar Skrobacki

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Lecture 2httpguideslibraryutorontocaPOLA83H31Oxford English Dictionary httpwwwoedcomaGlobalization is the act of globalizing from the noun global meaning pertaining to or involving the whole world worldwide universal 2International Forum on Globalization httpwwwifgorganalysishtm aGlobalization is the present worldwide drive toward a globalized economic system dominated by supranational corporate trade and banking institutions that are not accountable to democratic processes or national governments 3World Trade Organization aGlobalization can be defined as a historical stage of accelerated expansion of market capitalism like the thone experienced in the 19 century with the industrial revolution It is a fundamental transformation in societies because of the recent technological revolution which has led to a recombining of the economic and social forces on a new territorial dimension 4The World Bank aGlobalizationthe growing integration of economies and societies around the worldWhat is globalizationGlobalization is used very less these days People have their own understanding of this term LOOK AT THE DEFINATIONS ABOVEOrganizations labelled by leftbad By rightgood Universal doesnt fit in global
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