SOCIAL SCIENCE 1

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Accounting

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14 Terms

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Globalization

Process of expanding various socio-cutural and socio-ecological process from international and transparency cultural level

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Extent globalization

Communication through modern technologies

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Global Connected Index

Meaning of GCI?

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Global Connected Index

Those are the flows and interconnections of a country to other global players through exchanges in trade, capital, people and information.

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Socio-Economic changes in Globalization

  • Growth of trans and supra-teritorial connectivity

  • The shift from capitalism to hyper-capitalism focus on production

  • A move from nationalism toward identifying and hybridity

  • From nationalism toward knowledge flexibility

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5 different focuses on globalization

Economic

Industrial

Political

Informal

Cultural

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Scholte (2005)

He identifies the 4 keys shifts in society

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Kriesler and Nevile

They are the one who highlight the positive economic impact of globalization such as on the level of employment and balance trade

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Hebron and Stack (2016)

They noted the most definitions of globalization focused on the Economic and trade dimensions of the concept

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GATT

General Agreement Tariff and Trades

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WTO

World Trade Organization

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The common Chracteristics in Globalization

  • Cross-boarder Connectivity of integration

  • Free-trade environment

  • Interdependency of nation

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Husain (2011)

He identified the modern technology developments as a key driver of globalization that facilitated faster communication and access data or information

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Sub-saharan

The world’s poor population