When you reach out to him or her, you will need the page title, URL, and the date you accessed the resource. The debate is increasingly polarized between market fundamentalists and anticapitalists. is perhaps the most well-known early example. The rise of globalization seeks to capture the twoway interaction of global processes and local conditions to generate new adaptations. The transformative ability of the globalization process has commonly been associated with both material outcomes in such specific spatial units as localities, regions, and nation-states and peculiar discursive practices by societal partners. Margot Willis, National Geographic Society, Andre Gabrielli, National Geographic Society. Inflationär ist der Gebrauch des Begriffs; mit ihm weckt man Ängste (Globalisierungsfalle, Export von Arbeitsplätzen) oder man beschwört Chancen. To some people, globalization means the ability of transnational corporations, through the use of free trade agreements and free trade zones, to transform space. AP Human Geography Help » Industrialization & Economic Development » … Globalization is associated with the production of new scales in economic and political space. Learn about and revise globalisation, the reasons behind it and the positive and negative impacts with BBC Bitesize GCSE Geography. To satisfy short-term institutional investors and inflate the value of their share options, bosses gamble with their companies' future to ramp up the stock price. Unquestionably, these types of exchanges were accelerated in the Age of Exploration, when European explorers seeking new sea routes to the spices and silks of Asia bumped into the Americas instead. To understand economic geography is to see the world as a mosaic of regions. When did globalization begin? Module 4: Lecture Series. In reality, the economic sphere is directed by the World Trade Organization (WTO) with its underlying goal of economic equality in political and cultural influence, through the powerful means of information technology, dominated by the West. Home Embed All AP Human Geography Resources . These activities represent more than just the simple globalization of economic activity; they refer to the increasing integration of economies and societies across the world. In the modern era, economic success or failure at one focal point of the global web can be felt in every major world economy. If you have questions about how to cite anything on our website in your project or classroom presentation, please contact your teacher. Globalization is one of the most widely discussed topics in geography and other social sciences. Increasing diversity in many countries has meant more opportunity to learn about and celebrate other cultures. "Globalization" is a broad term that describes the increased interconnectivity between different regions and countries across the globe. Unsurprisingly, trust in the financial system has evaporated since the collapse of Enron, Worldcom, Ahold, Parmalat, and others. Globalization is a term used to describe how trade and technology have made the world into a more connected and interdependent place. The geographic merger of military and economic activities was transformed into a modern global interstate system that demarcates the physical boundaries of the world today. Anthropology, Sociology, Social Studies, Civics, Economics. The web of globalization continued to spin out through the Age of Revolution, when ideas about liberty, equality, and fraternity spread like fire from America to France to Latin America and beyond. They point to the interchanges between cultures, economies, and people. Module 3: Globalisation and Culture. field of science and technology concerned with metals and their production and purification. One of the paradoxes addressed by researchers is why there has been a growth of dynamic local economies at a time when places are increasingly under the influence of, and threat of competition from, distant places—threats that are a consequence of the globalization of the markets. Advances in computer and communications technology launched a new global era and redefined what it meant to be “connected.” Modern communications satellites meant the 1964 Summer Olympics in Tokyo could be watched in the United States for the first time. Clear that formal regional trade agreements such as trust or social capital most widely discussed topics in geography and?! Seeks to capture the twoway interaction of global processes and local conditions to generate adaptations! 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