In: Economics
Basis | Globalization | Globalism |
Meaning | It is the connection of different parts of the world | It describes how world is becoming more connected. |
Definition | It refers to movement and integration of goods and people among different countries. | It describes a world which is characterized by network of connections that span multi continental distances. |
Description | It describes increasing connectivity between individuals, regions throughout the world. | It is a national policy of treating the whole world as a proper sphere for political influences. |
Scope | It is the thick form of globalism.It is the process by which globalism becomes increasingly thick. | The thin form is called globalism. |
Significance | It helps to expand international , Economic, political and cultural activities. | It helps to understand all the interconnections of the modern world. |
Points of Differences |
* It is dynamic shrinking of distance on a large scale * It describes how world is becoming more connected * It is a positive term * It types are---Economic globalisation, Environmental globalisation, Military globalisation, social and cultural globalisation. |
*It is the underlying and basic networks. * It is idealogical and moral component of globalization which implies how the world ought to be more connected. * It is a normative term. *Its examples are--Justice globalism, Military globalism, Jihad globalism, Market globalism |
Resources required for globalization/ globalism are-----
Trade, travel, transportation , knowledge, Immigration, Culture,Capital, Political stability, human rights.