UNIT 1 ACTIVITY 4 Blogging
UNIT 1 ACTIVITY 4 Blogging FIVE DIFFERENT PERSPECTIVES REGARDING THE ORIGIN OF GLOBALIZATION GLOBALIZATION - is a transplanetary process or a set of processes involving increasing liquidity and multidirectional flows of people, objects, places and information as well as the structure they encounter and create that are barriers to, or expedite those flows. Generally, this definition assumes that globalization could bring either or both integration and or fragmentation. Moreover, globalization is the process by which ideas, knowledge, information, goods and services spread around the world. In business, the term is used in an economic context to describe integrated economies marked by free trade, the free flow of capital among countries and easy access to foreign resources, including labor markets, to maximize returns and benefit for the common good. 1. HARDWIRED Nayan Chanda ( 2007) argues that “ globalization stems, amon...