The basis of this week's studies have focused on the basic concepts and foundations of what is globalization.
It became very apparent,very quickly, that the term 'globalization' is very difficult to define, because as times change, so do its features and functions.
To me, I believe, as stated by Rantenan (2005), that globalization is a compression of time and space which is becoming increasingly mediated over time. Meaning that certain knowledge, information, cultures and behaviours are no longer separated by physical distance, and the sharing of these aspects can be instantaneous through the use of various technologies; such as the internet, and media outlets; such as news reports.
However it should be noted that the sharing of media and information is not the only 'flow' that globalization is limited to. It also includes the physical flow, of people, or goods etc; the cultural flow, of performance, fashion and food; or capital flows, in the forms of multinational and international corporations or organizations and currency exchange. The final flow is probably most important in terms of the definitions of nation states and sovereignty in the way that it becomes extremely difficult to define and control certain rules or regulations in one country when they are passing boundaries, which are perhaps not even physical entities that can be restrained as they take technological and mediated forms.
I have included two videos from YouTube in this post because I believe they show different aspects of what globalization is.
I included the first video as it demonstrates the growth of knowledge and information across the globe through the use of modern technology. It looks at the way that these technologies have changed in the last few decades and how these have allowed for exponential growth in the sharing and production of new knowledge, as well as the growth of social media outlets such as Facebook and Twitter, and the interconnectedness that these facilitate around the globe.
The second I include as it touches on the cause and effect of globalization
as well as 'Capital Flow.'
It demonstrates the cheap production of goods, supply and demand, the interests of big international organizations and companies, the effects it has on smaller communities, and the conflicts and effects that may follow and our ability to transport and communicate such wants and needs via various resources.
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