What are the 3 central elements of globalization?

Globalisation has three main aspects which are economic, political and socio-cultural (University of Leicester 2009). Economic aspect focuses on the integration of global economies as well as flow of trade and capital across nation borders. Socio-cultural aspect emphasises on the exchanging of social and culture….

What is Globalisation PPT?

Definition:-  The movement towards the expansion of economic and social ties between countries through the spread of corporate institutions and the capitalist philosophy that leads to the shrinking of the world in economic terms  The process by which PEOPLE, THEIR IDEAS and THEIR ACTIVITIES in DIFFERENT PARTS OF THE …

What factors have contributed to cultural globalization?

Contributing factors

  • New technology and forms of communication around the world help to integrate different cultures into each other.
  • Transportation technologies and services along with mass migration and individual travel contribute to this form of globalization allowing for cross-cultural exchanges.

What are the types of globalization?

Globalizing processes affect and are affected by business and work organization, economics, sociocultural resources, and the natural environment. Academic literature commonly divides globalization into three major areas: economic globalization, cultural globalization, and political globalization.

What are some historical examples of globalization?

HISTORICAL EXAMPLES OF GLOBALIZATION

  • Colonization of the Americas.
  • Indian Ocean Trading.
  • Triangle Trade.
  • OF GLOBALIZATION.
  • The Silk Road.

What are the four distinct qualities of globalization?

What are the four dimensions of Globalization? There are four distinct dimensions of globalism: economic, military, environmental, and social.

What are the 5 theories of globalization?

All theories of globalization have been put hereunder in eight categories: liberalism, political realism, Marxism, constructivism, postmodernism, feminism , Trans-formationalism and eclecticism.

What are the features of globalization?

Top 5 key features of globalization

  • World Markets. One of the key features of present-day globalization is access to the world markets.
  • Global products standardization.
  • Sharing of ideas.
  • Raising standards.
  • Freedom standards.

What are the two features of Globalisation?

The concept of Globalisation involves within its ambit the following features:

  • Liberalisation:
  • Free trade:
  • Globalisation of Economic Activity:
  • Liberalisation of Import-Export System:
  • Privatisation:
  • Increased Collaborations:
  • Economic Reforms:
  • Several dimensions of Globalisation:

What are some examples of cultural globalization?

The globalisation of food is one of the most obvious examples of cultural globalisation – food consumption is an important aspect of culture and most societies around the world have diets that are unique to them, however the cultural globalisation of food has been promoted by fast food giants such as McDonald’s, Coca- ……