POLD89H3 Lecture Notes - Liberal Democracy, The Public Interest, Import License
15 Apr 2012
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Globalization is the act of globalizing ; from the noun global meaning pertaining to or involving the whole world , worldwide ; universal . Oxford english dictionary - 2nd edition [electronic edition]. Globalization 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 . International forum on globalization [cited 2009 dec 31]. http://www. ifg. org/analysis. htm. Globalization can be defined as a historical stage of accelerated expansion of market capitalism, like the one experienced in the 19th 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 . Pascal lamy, humanising globalization, geneva, switzerland [cited 2009 dec 31]. http://www. wto. org/english/news_e/sppl_e/sppl16_e. htm: the world bank. Globalization - the growing integration of economies and societies around the world .
