Understanding, Definition & Theories of Globalization Flashcards
Creation of a “Borderless World”`
Globalization
The quality or state of being all the same or all of the same kind.
Homogeneity
It is a broad concept that describes various methods employed by one country to gain control of another country and then to exercise control, especially political, economic, and territorial, over that country, and perhaps many other countries.
Imperialism
The “acceleration and intensification of economic interaction among the people, companies, and governments of different nations.”
Globalization
The quality or state of being diverse in character or content.
Heterogeneity
It is the blending of the elements from different cultures.
Cultural Hybridization
It is an accelerating set of processes involving flows that encompass ever-greater numbers of the world’s spaces and that lead to increasing integration and interconnectivity among those spaces.
Globalization
It is the concept that in a global market, a product or service is more likely to succeed when it is customized for the locality or culture in which it is sold.
It is the practice of conducting business according to both local and global considerations.
Glocalization
It means more than just mixture; it involves the creation of new cultures.
It is the process in which Creole cultures emerge in the New World
It is the process of language mixing to produce new one, used especially to refer to mixtures of local languages with European languages.
Creolization
The process in which separate organizations unite to form a larger organization.
It is the process by which a minority group and a majority group combine to form a new group.
Amalgamation
Wallerstein’s World System Theory Model has classified the countries into three, what are these?
- Core
- Semi-periphery
- Periphery
Rich & developed states
Core
The ‘in-between; semi-industrialized states
Semi-Periphery
Poor & dependent states
Periphery
The model involves Transnational Practices (TNPs) at three levels, name these:
The economic, political, and the cultural-ideological