Globalization

What is globalization

Globalization is called process that has standardized the integration of societies and economic activities from a global dimension.

Globalization is a process that covers a wide space and has a larger perspective than globalization. There are specialists who consider that globalization is a process that stimulates the unification of a social, political and economic order that shares general characteristics and is similar in different parts of the world.

The origin of globalization dates from feudalism through the processes of colonization to the Industrial Revolution in the 19th century, at which time the capitalist system of production and consumption took root in the different social groups.

Later, throughout the 20th century and after the various wars of great impact, especially in Europe, globalization experienced several ups and downs until the beginning of the 21st century when it grew rapidly.

Said growth was generated by the new production, commercialization and distribution strategies that modified the national and international economic system, as well as the social and political systems.

Hence, it is determined that globalization has had a great scope, capable of integrating economic activities, also driven by the extensive development of technology and communication channels, which has modified a set of universal economic strategies and structures.

Likewise, globalization has fostered the development of societies, the implementation of new policies, population growth, migratory movements, cultural exchange, industrialization, greater labor competitiveness, new jobs, among others.

However, it has also led to the existence of economically less favored social groups, as well as various conflicts and social crises.

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economic globalization

Economic globalization is characterized by having expanded the spaces for commercial development, production and distribution of products, both nationally and internationally, which led to significant monetary and credit activity.

Likewise, economic globalization has favored the construction of various economic, political and social models that are applied and seek to preserve the interests and economic bonanzas of nations.

However, economic globalization has also led to some imbalances that affect society, has led to mass production, excessive consumption of products and a large percentage of poverty in low-income social groups.

Difference Between Globalization and Globalization

Globalization and globalization are two different concepts. Globalization covers a larger space, that is, its nature and scope is global in economic, political and social aspects.

For its part, globalization corresponds to the various processes that are framed in a series of more specific categories and that have been consolidated from capitalism. Likewise, globalization has been a process driven by technological development.

See also Globalization.