Globalization

The global trade increased from 380 millions US$ in 1950's to 5.89 Trillions US$ in 1997, a 1,500% increase. Marx had foreseen the global expansion of single industry or trade., companies like Nike, Coca Cola all have global presence.

The advantage of Globalization:

- less expensive goods,
- improvement of living conditions in some areas, including the less developed area.

Social problem therein:

-Higher unemployment in counties losing manufacturing
-exploitation of workers in developing countries
-eroding ability of governments to set policies to protect national economy,
-environmental problems

In global era:

Nominally autonomous sovereign states--powers beyond the states may have no formal status, nevertheless still limit the state's capacity to act.

The meaning of citizenship is very much diluted.

The characteristics of Globalization.

- shifted borders of economic transaction
- expanded communication into global network
- fostered a new, widespread global culture
- developed new form of international governance
- created a growing awareness of shared common world problem
- fostered a growing sense of risk
- led to emergence of transnational global actors who network

Global culture- globalization which initially driven by economic forces, also brings international connections involved the flow of goods, information and people.

- Global economy, flow of good, introduced many of the same consumer goods
- Global communication, flow of information
- Global migration: flow of people