manifestations of globalization

Economic

• economic activity has become more globally oriented and integrated.

• International trade has become central to most local and domestic economies around the world

• World Trade Organization (WTO) and International Monetary Fund (IMF) facilitate this increasingly barrier-free flow of goods, services, and money internationally.

Political

Some political scientists argue that globalization is weakening nation-states and that global institutions gradually will take over the functions and power of nation-states. Other social scientists believe that while increased global inter-connectivity will result in dramatic changes in world politics, particularly in international relations (i.e., the way states relate to each other), the nation-state will remain at the center of international political activity.

Social and cultural manifestations

• Informational services - diversification and democratization of information

• News services - news megacorps could decide what is newsworthy, could frame them, could overrepresent other groups

• pop culture

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