Definitions of Globalization

The future of globalization (2002)

Hirst and Thompson
Globalization is a complex and contested concept. Hirst defines globalization as
growing international interconnectedness increasing flows of trade, investment
and communications between nations and states if this is the case globalization
has occurring for the past 50 years. As well as that, new technologies have made
international travel, media and financial exchanges far easier, enabling dramatic
increases in traffic volumes. He posits three key questions about globalization;
Are these economic and social processes linking nations since 1945 unprecedented?
Are these processes developing at the expense of state and national governance,
that are national economies dissolving into a global marketplace and relations
between states becoming secondary to more complex interactions between a
variety of economic, social and political agencies?
Is international economic interconnectedness set to increase or decrease?
Globalization: a critical introduction
J A scholte
Scholte defines globalization as the growing transplanetary connectivity (globality).
Which refers to a shift in the nature of social space, the term globality resonates
spatiality. It says something about the arena and the place of human action and
experience; the where of social life. Globality identifies the planet as a field of social
relations in its own right.
The term globality has two qualities. The more general feature, transplanetary
connectivity, has figured in human history for many centuries. The more specific
characteristic, supraterritoriality, is relatively new. This characteristic entails social
connections that substantially transcend territorial geography.
The challenge of global capitalism
Giplin
Giplin refers to term globalization as the increase in linkages of national economies
through trade, financial flows, and foreign direct investment (FDI) by multilateral
firms.