Monday, 23 July 2012

Defining the Undefinable

As far as definitions go, I feel this one covers nearly every aspect of Globalisation.
NSW Trade and Investment
Website <source>
It begins with the idea that Globalisation can be a single process or a set of processes suggesting that the word itself represents a whole group of concepts, not just a single idea. It also suggests a global shift towards a multifaceted structure of interaction between groups, societies, countries and cultures.
It states that this ‘transformation’ occurs across social relations and transactions suggesting it is not only affecting us culturally and socially but also in terms of commercial business and trade and the way we interact with one another.
It refers to these changes as ‘flows’, (whether information, commodities or people) that occur both ‘transcontinental’ and ‘interregional’ as well as in relation to their extensity (how far these changes reach), intensity (how strong or concentrated they are in certain areas), velocity (the speed or rate at which the changes are occurring) and impact (the effect that these changes are having socially and economically).
This is also one of few definitions I’ve found that encompasses the idea of global ‘networks’ of interaction as well as ‘…the exercise of power.’ 
from 'Web Governments' Blog <source>
This can refer to the power that ‘western’ or wealthy countries tend to have over poorer, developing countries or simply the power of a strong economy (stable economies vs. America after the GFC or Greece following the government debt crisis).
It also creates the idea that globalisation is not an equaliser, and that it can be either a positive or a negative thing, depending on where it is happening and how strong its impact is.

References: Held, D, McGrew, A G, Goldblatt, D, Perraton, J, 1999, ‘Gobal Transformations: Politics, Economics and Culture’, Stanford University Press, California, USA, accessed 20th July, 2012 <source>

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