Globalization in the context of "Saskia Sassen"

⭐ In the context of Saskia Sassen's work, globalization is considered most directly manifested through the development of…

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⭐ Core Definition: Globalization

Globalization is the process of increasing interdependence and integration among the economies, markets, societies, and cultures of different countries worldwide. This is made possible by the reduction of barriers to international trade, the liberalization of capital movements, the development of transportation, and the advancement of information and communication technologies. The term globalization first appeared in the early 20th century (supplanting an earlier French term mondialisation). It developed its current meaning sometime in the second half of the 20th century, and came into popular use in the 1990s to describe the unprecedented international connectivity of the post–Cold War world.The origins of globalization can be traced back to the 18th and 19th centuries, driven by advances in transportation and communication technologies. These developments increased global interactions, fostering the growth of international trade and the exchange of ideas, beliefs, and cultures. While globalization is primarily an economic process of interaction and integration, it is also closely linked to social and cultural dynamics. Additionally, disputes and international diplomacy have played significant roles in the history and evolution of globalization, continuing to shape its modern form. Though many scholars place the origins of globalization in modern times, others trace its history to long before the European Age of Discovery and voyages to the New World, and some even to the third millennium BCE. Large-scale globalization began in the 1820s, and in the late 19th century and early 20th century drove a rapid expansion in the connectivity of the world's economies and cultures. The term global city was subsequently popularized by sociologist Saskia Sassen in her work The Global City: New York, London, Tokyo (1991).

Globalization describes the growing interdependence of the world's economies, cultures, and populations, brought about by cross-border trade in goods and services, technology, and flows of investment, people, and information. Countries have built economic partnerships to facilitate these movements over many centuries.

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Globalization in the context of Western civilization

Western culture, also known as Western civilization, European civilization, Occidental culture, Western society, or simply the West, is the internally diverse culture of the Western world. The term "Western" encompasses the social norms, ethical values, traditional customs, belief systems, political systems, artifacts and technologies primarily rooted in European and Mediterranean histories. A broad concept, "Western culture" does not relate to a region with fixed members or geographical confines. It generally refers to the classical era cultures of Ancient Greece, Ancient Rome, and their Christian successors that expanded across the Mediterranean basin and Europe, and later circulated around the world predominantly through colonization and globalization.

Historically, scholars have closely associated the idea of Western culture with the classical era of Greco-Roman antiquity. However, scholars also acknowledge that other cultures, like Ancient Egypt, the Phoenician city-states, and several Near-Eastern cultures stimulated and influenced it. The Hellenistic period also promoted syncretism, blending Greek, Roman, and Jewish cultures. Major advances in literature, engineering, and science shaped the Hellenistic Jewish culture from which the earliest Christians and the Greek New Testament emerged. The eventual Christianization of Europe in late-antiquity would ensure that Christianity, particularly the Catholic Church, remained a dominant force in Western culture for many centuries to follow.

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Globalization in the context of City

A city is a human settlement of a substantial size. The term "city" has different meanings around the world and in some places the settlement can be very small. Even where the term is limited to larger settlements, there is no universally agreed definition of the lower boundary for their size. In a narrower sense, a city can be defined as a permanent and densely populated place with administratively defined boundaries whose members work primarily on non-agricultural tasks. Cities generally have extensive systems for housing, transportation, sanitation, utilities, land use, production of goods, and communication. Their density facilitates interaction between people, government organizations, and businesses, sometimes benefiting different parties in the process, such as improving the efficiency of goods and service distribution.

Historically, city dwellers have been a small proportion of humanity overall, but following two centuries of unprecedented and rapid urbanization, more than half of the world population now lives in cities, which has had profound consequences for global sustainability. Present-day cities usually form the core of larger metropolitan areas and urban areas—creating numerous commuters traveling toward city centres for employment, entertainment, and education. However, in a world of intensifying globalization, all cities are to varying degrees also connected globally beyond these regions. This increased influence means that cities also have significant influences on global issues, such as sustainable development, climate change, and global health. Because of these major influences on global issues, the international community has prioritized investment in sustainable cities through Sustainable Development Goal 11. Due to the efficiency of transportation and the smaller land consumption, dense cities hold the potential to have a smaller ecological footprint per inhabitant than more sparsely populated areas. Therefore, compact cities are often referred to as a crucial element in fighting climate change. However, this concentration can also have some significant harmful effects, such as forming urban heat islands, concentrating pollution, and stressing water supplies and other resources.

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Globalization in the context of Age of Discovery

The Age of Discovery (c. 1418 – c. 1620), also known as the Age of Exploration, was part of the early modern period and overlapped with the Age of Sail. It was a period from approximately the 15th to the 17th century, during which seafarers from European countries explored, colonized, and conquered regions across the globe. The Age of Discovery was a transformative period when previously isolated parts of the world became connected to form the world-system, and laid the groundwork for globalization. The extensive overseas exploration, particularly the opening of maritime routes to the East Indies and European colonization of the Americas by the Spanish and Portuguese, later joined by the English, French, and Dutch, spurred international global trade. The interconnected global economy of the 21st century has its origins in the expansion of trade networks during this era.

The exploration created colonial empires and marked an increased adoption of colonialism as a government policy in several European states. As such, it is sometimes synonymous with the first wave of European colonization. This colonization reshaped power dynamics causing geopolitical shifts in Europe and creating new centers of power beyond Europe. Having set human history on the global common course, the legacy of the Age still shapes the world today.

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Globalization in the context of Macroregion

A macroregion is a geopolitical subdivision that encompasses several traditionally or politically defined regions or countries. The meaning may vary, with the common denominator being cultural, economical, historical or social similarity within a macroregion. The term is often used in the context of globalization.

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Globalization in the context of International Monetary Fund

The International Monetary Fund (IMF) is an international financial institution and a specialized agency of the United Nations, headquartered in Washington, D.C. It consists of 191 member countries, and its stated mission is "working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world." The IMF acts as a lender of last resort to its members experiencing actual or potential balance of payments crises.

Established in July 1944 at the Bretton Woods Conference based on the ideas of Harry Dexter White and John Maynard Keynes, the IMF came into formal existence in 1945 with 29 member countries and the goal of reconstructing the international monetary system. For its first three decades, the IMF oversaw the Bretton Woods system of fixed exchange rate arrangements. Following the collapse of this system in 1971, the Fund's role shifted to managing balance-of-payments difficulties and international financial crises, becoming a key institution in the era of globalization.

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Globalization in the context of Modern era

The modern era or the modern period is considered the current historical period of human history. It was originally applied to the history of Europe and Western history for events that came after the Classical antiquity and the Middle Ages, often from around the year 1500, like the Reformation in Germany giving rise to Protestantism. Since the 1990s, it has been more common among historians to refer to the period after the Middle Ages and up to the 19th century as the early modern period. The modern period is today more often used for events from the 19th century until today. The time from the end of World War II (1945) can also be described as being part of contemporary history. The common definition of the modern period today is often associated with events like the French Revolution, the Industrial Revolution, and the transition from nationalism toward the liberal international order.

The modern period has been a period of significant development in the fields of science, politics, warfare, and technology. It has also been an Age of Discovery and globalization. During this time, the European powers and later their colonies, strengthened their political, economic, and cultural colonization of the rest of the world. It also created a new modern lifestyle and has permanently changed the way people around the world live.

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Globalization in the context of History of globalization

The historical origins of globalization (also known as historical globalization) are the subject of ongoing debate. Though many scholars situate the origins of globalization in the modern era (around the 19th century), others regard it as a phenomenon with a long history, dating back thousands of years (a concept known as archaic globalization). The period in the history of globalization roughly spanning the years between 1600 and 1800 is in turn known as the proto-globalization.

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