The term ‘globalisation’ is frequently quoted by
politicians, economists, business owners, environmentalists and the list goes
on ... but what does it actually mean?! Globalisation is traditionally seen as
a primarily economic concept ... ‘the functional integration of the World’s
economies’, but the term now has wider connotations. When looking for a
definition of the term there seemed to be no standard meaning. Globalisation
was defined as the following:
Ø The
process enabling financial and investment markets to operate internationally,
largely as a result of deregulation and improved communications.
Ø The
process by which a company, etc., expands to operate internationally.
Ø The worldwide movement toward economic, financial, trade and communications integration. Globalisation implies the opening of local and nationalistic perspectives to a broader outlook of an interconnected and interdependent world with
free transfer of capital, goods, and services across national frontiers.
It is therefore clear that the term globalisation is used
by different people to mean different things. Pupils being taught to the topic
for the first time need to be made aware of this complexity but without introducing
too much confusion. The topic may need to be broken down into smaller more
manageable facets such as; economic, political, cultural and environmental globalisation.
The definition on BBC Bitesize GCSE answers ‘what is globalisation?’ very
succinctly:
Ø
The
process by which the world is becoming increasingly interconnected as a result
of massively increased trade and cultural exchange. Globalisation has increased
the production of goods and services. The biggest companies are no longer
national firms but multinational corporations with subsidiaries in many countries. Globalisation has been taking
place for hundreds of years, but has speeded up enormously over the last
half-century.
Now that I have
looked into the topic of globalisation it is clear that there are many
different terms to understand and areas to explore.
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