Impact of Globalization Wal-Mart Essay Example | Topics and Well Written Essays - 2500 words

Impact of Globalization Wal-Mart - Essay Example It is feasible that the increase of the internet and the process that starts with liberalization will continue such movement in trade in the 21st century or otherwise. Globalization can be define as â€Å"the act of globalizingâ€Å"; from the word mention â€Å"globalâ€Å" means â€Å"involving the whole world pertaining to/ â€Å", â€Å"wider worldâ€Å"; â€Å"universalâ€Å". Globalization is present worldwide drive towards a globalized economic system governs by supranational organizational trade and banking institutions which are not accountable to democratic process or national governmentâ€Å". â€Å"Globalization is the historical stage of expansion of market capitalism, in similitude to the experience in the 19th century with an industrial revolution. It is a central transformation in societies reason of the recent technological revolution which has led to a recombination of the social and economic forces on a fresh territorial dimensionâ€Å". â€Å"Globalization says it as the growing integration of societies and economies around the world...â€Å" â€Å"The definition of UBPD relies on the contextual analysis but generally means to an accelerating interlinking across national boundaries affecting the so many aspects of life; socialization, cultural economic along with political. In this context of study, the focus is only on economic aspects, with emphasis on the role of I-C-T. [information and communications technologies]. Therefore, globalization narrowly means growing economic interdependence of worldwide countries. This covers increases in the international division of labor effected by swelling international flows of F-B-I [foreign-based investment], along with an increasing volume and variety of cross border transactions in products and services, international migration, international capital flows and the rapid or widespread diffusion of technology. It does not Imply that social, cultural and other types of globalization are unimportant, only that they are less applicable to discussions of economic development and sec urityâ€Å" World Health Organization   Ã¢â‚¬Å"Globalization, or the boosting interconnectedness and interdependence of countries or people, is generally thought to include two interrelated elements:   the freeing of borders to increasing fast flow of finance, people, goods, services, and ideas beyond international borders; and the alterations in institutional and policy regimes at the national and international levels that promote or facilitate such flows.† Globalization As Define by Few Authors: As Douglas Kellner notes, â€Å"the term globalization is a theoretical construct that in it contested and open for different meanings and inflections.† Globalization, in eyes of some pundits or scholars and policy