Globalization from above
Globalization: A process (or set of processes) which embodies a transformation in the spatial
organization of social relations and transactions-assessed in terms of their extensity, intensity,
velocity and impact-generating transcontinental or interregional flows and networks of activity,
interaction and the exercise of power.
● For these reasons globalization has to be understood as a process which both unites and
divides peoples and communities; it does not automatically follow that humanity is becoming
a single global community of fate.
- Deepening of global independence (economic, political, cultural)
- Increased flow of commodities and cultural products (such as trade in an unprecedented way)
- Emergence of global institutions and bureaucracy to mandate exporting
- Increased power of TNC’s (trans-national corp.)
- Emergence of global cities (certain cities are noble points in the emerging global city. They
play a key role in promoting globalization
- Global spread of Western-style consumerism
- Time and space compression.
Winners and Loser (North/South Divide)
North- Enjoys a greater share of global economic activity
- Represents 20% of world population, shares 80% of global economic activity, and receives 65% of
all foreign investment.
South- Growing differentiation with TW
- Only 10 countries account for most economic activity.
● The global system is very exclusive. It excludes citizens across the world from having access
to the global market.
● It excludes people as producers but also as consumers. In the so-called global shopping mall
most people are only window shoppers.
● The gap between the haves and the have-not is widening, leading to greater inequalities.
● So globalization has not delivers in sharing economic qualities. In this respect globalization is