Topic > The three areas of globalization - 940

According to Thomas Friedman, “In Globalization 1.0, which began around 1492, the world went from large to medium. In Globalization 2.0, the era that introduced us to multinationals, we have moved from medium size to small size. And then around 2000 came Globalization 3.0, where the world went from being small to tiny.” It is not something that can be identified and defined as a formal structure of the current international system. Globalization is a notion of increasing interconnectedness of the world classified into three forms: cultural, political and economic globalization. Just like Thomas Friedman's quote, globalization gives the belief that the world is getting smaller and the pace of interaction is getting faster. Viewing globalization as leading to ever-increasing interconnections of goods, services, capital, information, ideas, and people indicates both an expansion of interconnections across borders and an understanding of the importance of those connections. A wider range of people and countries feel the effects of political changes or events than before. The impacts of things are spread across the world rather than the impact remaining in that particular region. The issues are now more interconnected than ever and have broader implications. Economic globalization causes distinct national economies to become one global economy. Global financial markets, international trade, transnational production and the global division of labor define the globalization of the economy. If you look at your clothes, cell phone or bag, they have all been produced in more than one country and marketed all over the world. My iPhone, for example, was designed in California but made in China. Re... middle of the paper... there have rarely ever been intimate scenes expressed through physical contact. However, the ever competitive need to compare with its Western counterpart, Hollywood, nowadays Bollywood films have become very open with scenes of actors and actresses openly expressing intimate scenes. Globalization does not discriminate between gender and culture. Contrary to popular belief, however, some believe that the new global media of globalization does not encourage cultural imperialism. They believe it is actually having the opposite effect. Global media has become a place where people are able to project traditional culture as well as the ideas of radical opponents of globalization. In the book The Clash of Civilizations, Huntington and Fukuyama address opposing points of view. Francis Fukuyama, an American political scientist and economist, wrote that the end of