GLOBALIZATION

Globalization

Globalization

What is globalization?

Globalization is better understood as a set of processes—sometimes competing; sometimes complementary—than as a unified process. It refers to economic, political, technological, social, cultural, and ethical developments. The term is most often employed in relation to developments after 1980, even though many scholars now assert that earlier periods of history also contained elements of globalization.

Trade theories of Globalization

With strong encouragement from leaders in private enterprise, political leaders have pushed for the reduction in tariffs on the trade of goods and service across national lines. The Uruguay round of trade talks (1986-1994) of the General Agreement on Tariffs and ...