Globalization Globalization broadly refers to the expansion of global linkages, the organization of social life on a global scale, and the growth of a global consciousness, hence to the consolidation of world society. Capitalism, Technology and Power Politics are the three element of Globalization.
Characteristics of Globalization Global Culture
Homogenisation of Culuture
Dominace of market
New Social Movement
Economic Development
Money is the Medium of Exchange
World a Shopping Complex
World Trade
International Divison of Labour
Multi-national
Enterprises Globalization of Financial Market
Internationalization of Market
Globalized Economy
Three types of
organizations are active in world affairs:
Intergovernmental Organizations (IGOs), formed by states
International Nongovernmental Organizations (INGOs), members are individuals, companies, or associations
Multinational Corporations (MNCs), for-profit enterprises that operate in several countries.