Globalization

Short answer

1. Globalization refers to a multimensional set of social processes that create, multiply, stretch, and intensify worldwide social interdependence and exchanges while at the same time foster people a growing awareness of deepening connections between the local and the distant. the four social processes of globalization are new social processes, stretching/expanding of social relations, intensification and acceleration of social activities, human consciousness. The new social processes are entirely new global processes such as 24/7 equity markets, internet, satellite, news corporations. 2.aided by tech. And economic deregulation social processes have been able to expand and stretching across the world. NAFTA, Terrorist orgs., global institutions. 3.Fast:compression of time and space. Internet relays distant info in mere seconds, and satellites provide real time pictures of remote events in seconds, the local and global are interconnected. U can get to Europe on the concord in 1hour. 4.we are more aware of the social processes, we are more aware of the connections, this changes our collective identities. Electronic communication has not only feed us news and info but has altered our lives. You watch the war on TV.

6. Transnational corporations are the contemporary versions of the early modern commercial enterprises . They are powerful firms with subsidiaries in several countries. Enterprises like Wal-Mart, general motors, belong to the 200 largest TNCs. These corporations control much of the world's investment capital, technology and access to international markets. In order to maintain their prominent positions in the global marketplace, TNCs frequently merge with other corporations. They are often referred

to as footloose, because they move for cheap labor, cheap resources, and production. Influences not only economics, social and poetical welfare of nations, communities, and indv. Nokia and Del Monte in mexico. Nokia: large finish TNC, manufactures cellphones sold worldwide, it is the source of 2/3 of stock market value and 1/5 of total export, employs 22000 finns and 20000 subcontractors, power to lower corporate taxes and pressure govt. to reduce benefits (welfare state). Del Monte: country's largest single private employer, pays no tax on its land, town has poor living standards, chaep labour 2.80-4/day.

5. The IMF is the international monetary