BUSI 1701- Final Exam Guide - Comprehensive Notes for the exam ( 83 pages long!)

• School: Carleton University
• Department: Business
• Course: BUSI 1701
• Professor: William Clements

Document Summary

A set of ongoing processes of increasing interaction, interdependence and integration of societies characterized by a transformation in spatial and temporal organization of social relations and transaction. Glo(cid:271)alizatio(cid:374) de(cid:374)otes the expa(cid:374)di(cid:374)g s(cid:272)ale, growi(cid:374)g (cid:373)ag(cid:374)itude, speedi(cid:374)g up a(cid:374)d deepe(cid:374)i(cid:374)g impact of interregional flows and patterns of social interaction. It refers to a shift or transformation in the scale of human social organization that links distant communities and expa(cid:374)ds the rea(cid:272)h of power relatio(cid:374)s a(cid:272)ross the world"s (cid:373)ajor regio(cid:374)s a(cid:374)d (cid:272)o(cid:374)ti(cid:374)e(cid:374)ts. The definitions provided above denote 4 key terms/concepts, including: (a) increasing: flows. Thus, globalization can be measured in terms of: extensity e. g. , geographical scope/stretch, velocity e. g. , speed of relations/transactions. Manifestations of globalization: multifaceted/multi-dimensional nature of globalization, pervasive experienced in most social domains, time-space compression, time-space instantiation. Time-space compression: the simultaneous acceleration of how time is experienced and reduction of distance, for instance, a letter may have taken about three months from europe to north.