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Essay / The Three Areas of Globalization - 940
According to Thomas Friedman, “In globalization 1.0, which began around 1492, the world went from large to medium size. In globalization 2.0, the era that introduced us to multinational corporations, size has shifted from medium to small. And then around 2000 came globalization 3.0, in which the world went from small to tiny. It is not something that can be identified and defined as a formal structure of the current international system. Globalization is a notion of increasing interconnectivity of the world classified into three forms: cultural, political and economic globalization. Just like Thomas Friedman's quote, globalization gives the conviction that the world is getting smaller and that the pace of interactions is getting faster and faster. Visualizing globalization as an action that leads to an ever-increasing interconnectivity of goods, services, capital, information, ideas and people indicates both an expansion of interconnections across borders and an understanding of the importance of these links. . More people and countries feel the effects of changes in policy or events than before. The impacts of things spread around the world instead of staying in that particular region. The issues are now more intertwined than ever and have broader implications. Economic globalization is the transformation of separate national economies into a single global economy. Global financial markets, international trade, transnational production and the global division of labor define the globalization of the economy. If you look at your clothes, your cell phone or your handbag, they have all been produced in more than one country and marketed around the world. My iPhone, for example, was designed in California but made in China. Ri...... middle of paper ...... there have already been intimate scenes expressed through physical touching. However, with the ever more competitive need to compete with its Western counterpart, Hollywood, Bollywood films today have become very open with scenes of actors and actresses openly expressing intimate scenes. Globalization makes no distinction between gender and culture. Contrary to popular belief, however, some believe that the new global media of globalization do not encourage cultural imperialism. They think it actually has the opposite effect. The global media has become a place where people can project traditional culture as well as the ideas of radical opponents of globalization. In the book The Clash of Civilizations, Huntington and Fukuyama face opposing points of view. Francis Fukuyama, an American political scientist and economist, wrote that the end of