Globalization - A Critical Approach

Globalization
-
A Critical Approach

DEFINITION
• The process of growing interdependency and influence on
international scale by a business or any other organization.
(Hoffmann and Kumar 2013. )
• The interdependence includes the integration and
interaction among the world’s trade, culture, economies,
service as well as technologies.
• Results in the spread of products, trade, jobs, informations
and technology.

HISTORICAL DEVELOPMENT
• Began when Africans started to move out from their
domain to the world.
• In Europe it started in the form of trade and commerce
through sea voyages during the time of Renaissance.
• After the World War 1 there was a collapse in globalization
due to the confrontation in the European dominated
networks
• Post second world war era saw a resurgence in
Globalization.
• the expanse of MNCs and the active part of USA
contributed to the worldwide expanse of technology and
knowledge. (Mackinlay, 2013.)