PROPONENTS
He defines Globalization as expansion and intensification of social relations across world-time and space.
STEGGER
It stands for free flow of trade relations among all the nations.
FREE TRADE
In 2005, Stegger used the term _____ to mean globalization as a condition.
GLOBALITY
This refers to the economic policies and actions that limit or restrict international trade in order to protect a country's local industries from foreign competition.
PROTECTIONISM
He believes that media has connected the world in ways that created a global village.
McLuhan
The goal is to reduce the financial burden on the government, improve service delivery, and stimulate economic growth by fostering a more dynamic and competitive business environment
PRIVATIZATION
In 2014, Stegger used the term ______ to mean globalization as an ideology
GLOBALISM
This event was a severe worldwide economic downturn that began in the United States but quickly spread to other parts of the world, becoming one of the most devastating economic crises in modern history.
THE GREAT DEPRESSION
Globalization denotes a range of processes under one unwieldy epithet. In part its conceptual difficulty to handle or control arises from the fact that global flows occur in different physical and mental dimensions.
FREEDEN
It stands for freedom of the entrepreneurs to establish any industry or trade or business venture, within their own countries or abroad.
LIBERALIZATION
For culture and communication experts, globalization refers to the concept of a ____
GLOBAL VILLAGE
This was a major global conflict which happened between 1914-1918 that caused massive destruction, political instability, and economic breakdown.
WORLD WAR I
Globalization is a process in which individuals and organizations in one part of the globe are affected by the activities, affairs and convictions on another part of the globe.
McGrew
Encouraging fiscal and financial reforms with a view to give strength to free world trade, free enterprise, and market forces.
ECONOMIC REFORMS
This term or notion is used to tell us that there is a better culture or some cultures are superior than others.
CULTURAL IMPERIALISM
It is one of the earliest and most important technological breakthroughs in globalizationit revolutionized communication by allowing messages to be sent quickly across long distances, which helped connect the world more closely than ever before.
TELEGRAPH
He said that through commerce, religion, politics, and warfare may lead people toward a better life.
CHANDA
Economic activities are to be governed both by the domestic market and also the world market. It stands for the process of integrating the domestic economy with world economies.
Globalization of Economic Activity
For this group of people, globalization implies an increase of free trade, global economic organization and regional trade blocks.
ECONOMIST
People and goods moved slowly by the help of horse or ship, but when ____were built, things could travel much faster and cheaper.
RAILROADS