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“the Process of Globalization, Deglobalization, and Reglobalization”

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Submitted By violetgeneration
Words 3579
Pages 15
The Process of Globalization, Deglobalization, and Reglobalization

Lots of people questioning what had happened before, so then currently we come up with this kind of economic situation? What does it mean of globalization? When and how it is started? How does the process and its impact to the current world’s economic, politic, social, trade, technology, and culture dimension? How does the future of our world economic? And where are we now? In this essay I’m dividing the process of globalization into three stages which are globalization, deglobalization and reglobalization. Every stage on globalization process had caused many changes in global world. I’m going to explain when, why, and how each stage of globalization affect the world.
Let me started with the first stage which is what we called as “Globalization”. We can describe Globalization as “A widening, deepening and speeding up of worldwide interconnectedness in all aspects of contemporary social life such as economic, politic, and culture. It took place about a century ago between roughly 1850 and the start of World War I in 1914. We can defined "economic globalization" as the opening and deregulation of commodity, capital and labor markets which led to the present neoliberal globalization. "Political globalization" named the emergence of a transnational elite and the phasing out of the nation-state. "Cultural globalization" was the worldwide homogenization of culture. Globalization happened when transport costs rapidly declined making it economically efficient to boost international trade. In globalization, political leadership was critical in shaping global institutions and norms in a pro-trade direction. Globalization happened because countries are willing to expand their influence around the world, they want more sources, and they need to gain more in economic, social, even in political dimensions.

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