Globalization Has Changed Over The World - 1416 Words

In the past few decades globalization has been rapidly intensifying, as nation states are being more and more interdependent towards one another culturally, politically and socially, the world has almost become a single network of complex relations between states. Although the definition of Globalization has varied and changed over the years and amongst theorist and scholars, globalization is nothing new, it has occurred since the dawn of time, rather its rate has intensified rapidly due to the advancement of technology. While Martin wolf interprets globalization as a â€Å"†¦journey, but toward an unreachable destination, the globalized world. A globalized economy in which neither distance nor national borders impede economic transactions. A world where the costs of transport and communication were zero and the barriers created by differing national jurisdictions had vanished† (Wolf, 2001: 178). An illustration of Wolfs summary for globalization could be interpreted thro ugh the European Union, in which assoicated states agree on the collective notion of democratic values and standards, its single currency Euro and its barrier free immigration policies make up the very essence of what Wolf is implying Globalization as. On the other hand, State Sovereignty is valued through the three fundamental ideas, ‘’absolute supremacy over internal affairs within its territory, absolute right to govern its people, and freedom from any external interference in the above matters† (Wang, 2004:Show MoreRelatedEssay Nations Should Promote Globalization, Not Localization1078 Words   |  5 PagesGlobalization and localization are two conflicting trends in international politics today. Globalization is the spread of peoples, activities, norms, ideas, goods, services, and currencies from one area of the world to another. 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