Major Components of Globalization

Paper Summary:

Discusses economic, political & socio-cultural elements of globalization. Role of technology (computers, telecommunications, satellite communication, the Internet, the World Wide Web). Free-market capitalism. Free trade & competition. Benefits & downside of economic globalization.

From the Paper:

"Capitalists of The World Unite?
An Analysis of the New Globalization


Among the litany of buzzwords floating around the political theory campfire, in the new millennium "globalization" is on everyone's lips and agendas. A highly controversial prospect, globalization deserves the debate it generates. It marks the beginning of a new experiment whose outcome is uncertain; though many argue that the foundation for globalization has been in place for as many as fifteen years, none deny that the technological revolution(a major component of globalization) is still in its formative years. The palpable, far-reaching effects of a fully-functioning and fully-implemented globalized system remain to be seen. Globalization is, in this most modern context, a long-term effort to integrate international markets, nation-states, technologies, and..."

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