Question

1111 Define globalization in economic and political terms and provide economic and/ or military examples of globalization. "Globalization"

Answer 1

Globalisation in the terms of economic factors refers to the widespread of technology, information, products and jobs across the national and international borders around different cultures with the main objective of integration for the good. It describes an interdependence which the countries share upon each other around the globe fostered through the free trade of liberalisation.

Globalisation in the terms of political factors refers to how much amount of the political cooperation is existing between different countries around the globe. It helps to maintain the political peace and integrity between nations. Global organisations such as World Trade Organisation, United Nations etc are working together making to increase the degree for this positive political globalisation where policies are made considering the international peace as well.

One good example to study the economic globalisation would be the Amazon's global supply chain. As Amazon is a multinational company having its business in many countries, the supply chain which the company is working on is established in many countries and thus the integration of this supply chain is an example of economic globalisation. Technology, products and services travel from one country to another in the hope of developing the latter one.