Globalization



Globalization

Introduction

Globalization is a term that has, in many instances, come to replace the older and no less complex notion of “development.” In fact, globalization, has replaced the term development as the new action word of contemporary international governance discourse. Not simply a term that describes an inevitable process that is shaping the modern world, globalization, when conflated with development, is a meta-policy guiding the way to social and economic well-being in the global community. Globalization is an inconsistent concept, and definitions of it abound. However, most anthropologists agree that, experientially, globalization refers to a reorganization of time and space in which many movements of peoples, things, and ideas throughout much of the world have become increasingly faster and effortless. Spatially and temporally, cities and towns, individuals and groups, institutions and governments have become linked in ways that are fundamentally new in many regards, especially in terms of the potential speed of interactions among them.

Examples of these interactions are myriad: The click of a mouse button on a Wall Street computer can have immediate financial effects thousands of miles away on another continent, and events like the fall of the Berlin Wall in 1989 or footage of the 2005 tsunami in southern Asia can be televised internationally, whereby millions of viewers interpret the same images concurrently. The modus operandi of the Globalization tends to be far stretched so is its consequences. Therefore, in the context of the paper light will be thrown upon the notions of Globalization in the context of Denmark. It would be done through different perspectives in order to develop an effective and efficient understanding of the subject.

Discussion

Undoubtedly, the globalization debate is not only the most significant debate of our time but, given the complexity of the issues, it will continue for the foreseeable future. To date, much of the discussion on globalization has focused on economic issues. However, as noted, although globalization is a profoundly economic phenomenon, it cannot exclusively be defined by economics. The next generation of social science research will have to address in greater depth the relationship between globalization and culture, nationalism, and identity, as well as the shifting nature of state sovereignty and territoriality. The widely held view that globalization is here to stay is problematic. However, different countries tend to render thoughts related to globalization in different context. Though globalization will be viewed mainly from the economic perspective in order to develop a much effective picture of the subject.

Economic Perspective

It is important to decipher the subject of the paper in line with the Danish economy, fore mostly it is important to define the Globalization in order to get a central idea about this tool which helps in transition process of economy for any country. Globalization can be defined as a process of integration and interaction among the people. It can be driven by investment and international trade by the information technology.

The central idea behind globalization is that many problems cannot be evaluated and studied at the nation-state, ...