Which of the Following Best Describes Globalization

1985 work around belonging and attachment is a great help in this respect. In other words community plays a crucial symbolic role in generating peoples sense of belonging Crow and Allan 1994.


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Globalization implies that the world is getting smaller.

. The following video provides a good introduction to the causes and consequences of globalization. Economic globalization involves a wide variety of processes opportunities and problems related to the spread of economic activities among countries around the world. As a result of new transportation and communication technologies people around the world can more readily connect with one anotherboth virtually and geographically.

There have been many periods in which it occurred most recently including the latter nineteenth. More economic recessions two oil price shocks profligate international bank lending an end to fixed currency exchange rates and a stagflation leading to sharp interest rate spikes in the worlds then major economies combined to create a developing world debt crisis. He argues that communities are best approached as communities of meaning.

A new contemporary globalization began to emerge in the 1970s. Pyle in International Encyclopedia of the Social Behavioral Sciences 2001 1 Definition and Context.


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