Globalization is currently shaping the world in which we live. It is based on the precept that the world is becoming a smaller place to live. This "shrinkage", so to speak, does not refer to actual land area, but rather to the space that exists between the differing peoples of the world. Globalization occurs through the unification of different nations around the world by either blending socially, culturally, politically, or economically. Social , Cultural, and Political Globalization occur when people from different nations, cultures, or walks of life come into contact with one another, and in the process, close the gap that exists between different groups of people or differing ideologies. These types of Globalization have been able to occur due to certain advancements in communication technologies that have made it possible for people all over the world to be able to communicate more easily and on a frequent basis ( Allen and Hamnet pg 59).
Economic Globalization, however, refers to the integration of economies around
the world. This occurs in a variety of different ways. International trade, financial
exchanges between countries, and the movement of people (labor) or knowledge
(technology) across borders all play intricate parts in the process of Economic
Globalization. ( Globalization: threat or opportunity) . The basic precept behind
Economic Globalization is to erode the existence of national barriers, and basically form
one large global economy. A perfect example of where this has occurred would have to
be in Europe, in regards to the European Union. In this arrangement, fifteen European
nations have bonded together to basically become one. Efforts towards creating a single European monetary unit have been in place for quite some time, and it appears that this may just come into effect some time next year. ( Allen and Hamnet pg 59). This paper will present a brief history of Globalization and its processes, focusing primarily on the Economic Globalization that is occurring in Europe, particularly the Economic Globalization of Germany.
It is apparent that technological advancements have played an intricate role in
facilitating the process of Globalization. Although it can be said that Globalization has
been occurring slowly through out the course of history, it can also be said that in recent times this has certainly become a more global community. The process of Globalization has become more evident, particularly after the end of the cold war (Ohmae pg 1). ). In fact, one might say that ?Globalization is the international system which has replaced the cold war system? ( Friedman pg 25). It was at this time, after the end of the Cold war, that people who were often-times considered ?voiceless or invisible?, mostly what we consider today to be ?developing countries?, came forward with economic demands, and more importantly the desire to become a part of the expanding global economy. And so
Economic Globalization began to...