Globalization essentially refers to the increased interactions on various fronts at the international level. In many cases globalization has been interpreted to mean the trade among different nations. This trade overcomes the traditional national barriers in turn facilitating interactions through both labor and commodities across nations. However, it is instructive to note that while trade informs the main form of globalization, other facets include education, cultural interactions, security and defence operations, and research, among others. In other words, globalization should not be narrowly constrained to international trade. Rather, it should be considered wholesomely to include all other forms of international activities.
Arguably, the twenty first century has seen more in terms of globalization. This can be attributed to two main factors. These are, one the emergence of information technology platforms including the internet and secondly, the information age. The internet and other information technology platforms have facilitated globalization through the enhanced communication channels. Through the internet, people have been able to share information across the globe. In addition, it has been possible to communicate in effective and more reliable methods. This has in turn improved the global interactions. On the other hand, the emergence of the information age has occasioned pressure on the world participants to advance their interests with the incurrence of the least costs. In that vein, globalization has been embraced particularly in trade with the spirit of maximizing on the gains and minimizing the losses. For instance, nations have opted to trade in commodities in which they have comparative advantages over their international trade partners.
It is instructive to note that the globalized economy has in turn improved the living standards all over the world. The spread of information and the aggression of nation states have led to better economic, social and political pursuits, all of which constitute globalization.
Bensely, T. (2010). Nissan: The Japanese Business System in a Globalized World. Cross Sections, 43-57. Retrieved from http://eview.anu.edu.au/cross-sections/vol6/pdf/ch04.pdf
Curran, G., & Acker, E. V. (2010). Business and the Politics of Globalisation:. Canberra: Pearson Education,.