Examples of globalization
What are the best examples for globalization?Globalization, in simple terms can be defined as the free movement of labour, capital (both investment & working capital), technology, entrepreneurship, goods & services across national borders - guided by the market forces of supply and demand.
,Just like the way India was forced to embrace Globalization in 1990s when the nation was in the verge of bankruptcy, United Kingdom has its own story of globalization.
,In the beginning of the 19th century, as a part of the ongoing Anglo-french rivalry, Napolu00e9on Bonaparte enforced the Continental System across the mainland Europe through Berlin Decree (and later Milan Decree).
By these decree, he restrained countries of mainland Europe from trading with UK.
This compelled the British to look for trading opportunities outside Europe.
This would prove to be a driver for British Industrialization, renewed conquest for colonies and embrace of free trade.
,Here is a description of a single interesting episode.
In 19th century, British had set up Rubber plantations in Malay peninsula.
But, how did they do it?,From the study of natural regions of the world, it became clear that similarly circumstanced distant places across the world share the same climatic parameters.
The British applied this idea and embanked on an experiment and brought natural rubber from the Amazon rainforest (Brazil) and planted them in Malay.
Essentially, the entrepreneurship and capital were contributed by the British.
They brought in cheap labourers from neighbouring India and China.
Natural rubber, thus grown was exported to British industrial towns like Liverpool and Manchester.
,Here you can see all aspects of globalization:,Labour: From India & China to Malay,Entrepreneurship and capital: From London to Malay,Technology: From Brazil to Malay,Export: From Malay to Britain,Profits & Dividends: From Malay to Britain,Remittance / repatriation: From Malay to China & India,Even today, Malaysia is among the top producers of natural rubber.
(It is noteworthy that Brazil is not among the major producers of rubber).
Also, about 30% of todays Malaysian population (23% Chinese and 7% Indians) could be traced back to the British initiated migration wave in 19th century for working in plantations (among others).
,What a legacy!,Hope you enjoyed the story.
Characteristics of globalization
Really there is only one aspect of globalization.
,The ability to communicate and travel to anywhere on the globe in a short period of time.
,This implies a lot.
No longer are people separated by distance.
One can know people on the other side of the globe (think Facebook).
One can interact efficiently with anyone anywhere.
One does not have to limit one to something u201ccloseu201d.
Everywhere is close.
,I live on a street.
Just because someone lives in the house next door does not limit me to that someone.
,I live in Sidney, OH.
Just because Piqua is a u201cneighboru201d does not limit me to just Piqua.
,I live in Ohio.
Just because Indiana is a u201cneighboru201d does not limit me to just Indiana.
,I live in the USA.
Just because Canada is a u201cneighboru201d does not limit me to just Canada.
,THAT is globalization.
Social globalization is global interconnectness between the people of this planet.
No economies, no governments, but people.
,Social globalization eventually makes people feel that they all belong to one single community called earth.
,Cultures and ethnicities have begun to mix and that is one of the key parts of social globalization.
,Internet and social media is another very good example.
For example here on Quora, people from all over the world come to share their ideas and opinions.
,I personally think this is a very good thing.